Elran branches into Russia

Tel Aviv-based Elran Real Estate is branching out into Europe and is to invest some $20 million with Russian real estate developer Pettinger Holdings, Yedioth Ahronot revealed Wednesday. Pettinger, which is registered in Cyprus, has various holdings in and around Moscow, and is controlled by Rashi Development, which is owned by Ron Atir, Yaron Rokman, Yoav Kaplan, Shalom Singer and Abraham Goldfinger, and is traded in the Tel Aviv stock exchange.