Russian state-owned lender Sberbank has divested 23 Alpi supermarkets in an auction for $117 mln (EUR 86 mln). The retail properties were formerly owned by local retail and property development group Alpi and transferred to Sberbank at the end of 2009 in exchange for unredeemed debt. According to news reports in Russian papers, the portfolio includes a total of 324,000 m[sup]2[/sup] of retail space and has been acquired by Moscow firm AMK-Pharma.
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