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Sovereign Wealth Funds Briefing - Categorized | Investment

Norway emerges as frontrunner to take GBP1.2bln stake in Meadowhall

Posted on 14 May 2012

The Norwegian sovereign wealth fund has emerged as the frontrunner to acquire a majority stake in Meadowhall in a deal that values the Sheffield shopping centre at £1.6bn.
Norges Bank Investment Management is closing in on a deal with the centre’s owners London & Stamford and British Land to buy 75pc of the centre for around £1.2bn, although the talks are thought to be complicated and a deal could still be weeks away………………………………………..Full Article: Source


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