Tuesday 24 December 2024
 
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Hong Kong hotels

Abu Dhabi to buy stake in HK hotels in $2.4bn deal

Abu Dhabi Investment Authority (Adia) has agreed to buy a 50 per cent stake in three Hong Kong hotels from a group led by New World Development in a HK$18.5 billion ($2.4 billion) deal, the sovereign wealth fund's biggest Asian property inve

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