Sovereign wealth
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Abu Dhabi sovereign wealth fund to buy stake in Hong Kong hotels in $2.4bn deal
Abu Dhabi Investment Authority has agreed to buy a 50 percent stake in three Hong Kong hotels from a group led by New World Development Co Ltd in a HK$18.5 billion ($2.4 billion) deal, the sovereign wealth fund's biggest Asian property investment. Under the deal, New World will sell 50…
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Click here to read the full story: Arabian Business