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Israeli company BIG Shopping Centers said it has signed an agreement to acquire Delta City Mall Podgorica in Montenegro for 95 million euro ($108 million).
"BIG's entry into Montenegro is another step forward in implementing the company's strategy to expand its business in the Balkans and Eastern Europe. BIG continues to locate strategic projects in order to increase its commercial power, thanks to which, together with the success achieved in Serbia, it is one of the leading real estate companies in the Balkan region," CEO Hay Galis said.