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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

Norway’s oil fund, AXA invest in German properties

Posted on 11 October 2012

Norway’s $650 billion sovereign wealth fund and joint venture partner AXA France Insurance Companies have agreed to buy two properties in Germany for 784 million euros ($1.01 billion) from the Royal Bank of Scotland , Norway’s central bank said on Wednesday.
The properties are located in Berlin and Frankfurt and are used mainly for office and retail purposes. The two partners will each hold 50 percent stakes in the properties, Norges Bank, which manages the wealth fund, said………………………………………..Full Article: Source


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