- Norwegian sovereign wealth fund buys 8.2% stake in property giant Shaftesbury for around £245 million.
- The fund, which is the world's largest, now owns over 20% of Shaftesbury — which has a £3 billion property portfolio in London's Soho and Chinatown districts.
- Shaftesbury's biggest shareholder Samuel Tak Lee is believed to be preparing a takeover bid, but the Norwegian fund's move makes this more difficult.
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The battle for a £3 billion property empire in London's Chinatown just took a new turn
Norway's sovereign wealth fund now owns over 20% of Shaftesbury — which has a £3 billion property portfolio in London's Soho and Chinatown districts.
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