Deals
Ireland Delays Quinn’s Russian Asset Sale After Prices Dived
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Ireland is postponing the sale of Russian and Ukrainian assets accumulated from the family of the former billionaire Sean Quinn after prices slumped.
Ireland secured the agreement of Alfa Group’s A1 trading and investment company, controlled by Russian billionaire Mikhail Fridman, to hold the assets until the economy improves, A1 said in an e-mailed statement Tuesday. The holdings are now valued at as much as $120 million, down from about $200 million in 2013 when A1 and Ireland entered the partnership, A1 said.