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Libyan nominated for seat on Juventus board

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According to USA Today, “Libyan Arab Foreign Investment Company representative Khaled Fareg Zentuti has been nominated for a seat on Juventus’ board of directors.

LAFICO owns a 7.5 percent stake in Juventus, which is publicly traded, and had a seat on the board until 2003 when Al Saadi Gadhafi, the son of the Libyan leader, withdrew to play for Serie A rival Perugia.

LAFICO has the second biggest stake in Juventus, with the Agnelli family’s holding company EXOR SpA retaining a majority 60 percent. Zentuti is expected to join the board at the next assembly on Oct. 27.”

read more: USA Today

Ascendas-Singbridge Acquires Three Hotels in Osaka

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Singapore’s Ascendas-Singbridge has acquired three hotels in Osaka for 10.29 billion JPY to tap tourism growth in Japan’s third-largest city.

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BlackRock Contemplates Stake in Eurizon

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Asset management giant BlackRock is contemplating purchasing a 30% ownership stake in Intesa SanPaolo’s asset management unit called Eurizon Capital SGR S.p.A. BlackRock is keen on growing its technology business and increase market adoption of its Aladdin platform.

Intesa has been working with UBS to seek out strategic options for Eurizon. Intesa is keen on maintaining control over Eurizon.

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SWFI First Read, June 22, 2018

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JPMorgan Fund Buys 40% of Oxford Properties’ French Portfolio

A fund advised by JP Morgan Asset Management committed €400 million in Oxford Properties’ French portfolio. Essentially, Oxford Properties sold a 49.9% non-managing interest in 32 Rue Blanche, 92 Avenue de France and Paris Bastille. Oxford Properties made its maiden investment in Paris in 2014 when it acquired 32 Rue Blanche.

Oxford Properties is the real estate unit of OMERS.

Temasek Explores Further Cash Commitments to FirstCry

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