For the Record

Morton Plans Elevated Light Metro

Real estate development company Morton plans to create a 14-kilometer elevated light metro line that will start at the Butovo station and run through the suburban districts of Zavidnoye and Butovo Park, which the firm is building and ends at the town of Vidnoye, Vedomosti reported. (MT)

Amtel Properties, which values itself at about $600 million and owns buildings in Russia and other former Soviet republics, is preparing for an IPO in London in 2014 or 2015, in which it will float no less than 20 percent of its shares, group general director Daniel Gupta told Vedomosti. (MT)