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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Compliance/Regulation/Legal

Norway’s SWF approved by Euro Commission to buy Paris properties

Posted on 01 August 2013

Norway’s sovereign wealth fund under their subsidiary NBIM Clement SCI has been approved by the European Commission to acquire 50% of French developer SCI Pasquier. Currently, SCI Pasquier is solely owned by Assicurazioni Generali S.p.A which is part of the Italian insurer Generali Group.
Generali will maintain 50% ownership in the properties. The sovereign wealth fund investment includes five properties in Paris. The real estate transaction would augment NBIM’s exposure to core properties in central Paris………………………………………..Full Article: Source


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