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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway Fund pays Credit Suisse $1 bln for office

Posted on 30 November 2012

Credit Suisse Group AG (CSGN) sold an office complex in Zurich to Norway’s $660 billion sovereign- wealth fund for 1 billion Swiss francs ($1.08 billion) as the Swiss lender tries to boost its capital.
Norges Bank Investment Management acted as the buyer on behalf of the Norway Government Pension Fund Global, the Zurich- based bank said in a statement today. The Uetlihof office complex is about 3 kilometers (1.9 miles) southwest of Zurich’s center, according to Credit Suisse………………………………………..Full Article: Source


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