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Sovereign Wealth Funds Briefing - Categorized | Investment

Sultan of Brunei targets Club Med

Posted on 19 July 2010

From Independent: The sultan of Brunei’s sovereign wealth fund, BMB Group, is expected to make an offer for the package holiday outfit Club Med later this week.
Paris-listed Club Med, which introduced Europeans to the all-inclusive holiday in the 1950s, is expected to be sold to BMB, which controls investments on behalf of the Sultan, for about €800m (£676m)……………………………………….Full Article: Source


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