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Sovereign Wealth Funds Briefing - Categorized | Market

Birmingham denies sovereign wealth asset sell-off

Posted on 23 September 2010

From Publicpropertyuk.com: Birmingham City Council has denied claims that it wants to sell assets including the NEC (National Exhibition Centre) to Middle Eastern investors. Council leader Mike Whitby said yesterday that he was in talks with sovereign wealth funds about “partnership” deals that would use key assets to plug the authority’s £330m budget gap.
He said that stakes in the NEC, Symphony Hall, the International Convention Centre and the National Indoor Arena could all be used to raise funds……………………………………….Full Article: Source

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