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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

RBS to sell 42 hotels to Abu Dhabi’s sovereign wealth fund

Posted on 19 February 2013

The Abu Dhabi Investment Authority is close to buying 42 hotels managed by Marriott International Inc. and controlled by the Royal Bank of Scotland Group Plc, according to a person familiar with the matter.
The sovereign wealth fund, also known as ADIA, has been a preferred bidder since last summer and the sale includes hotels in London and Edinburgh, the person said, asking not to be identified because the deal hasn’t been made public……………………………………….Full Article: Source

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