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Mandarin Oriental Acquires Option to Purchase the Freehold Interest in the Building Housing Mandarin Oriental, Paris (Mandarin Oriental International Ltd)

Saturday, December 1, 2012

WN.com - Business News
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Mandarin Oriental Acquires Option to Purchase the Freehold Interest in the Building Housing Mandarin Oriental, Paris (Mandarin Oriental International Ltd)
Dec 1st 2012, 08:14

29 November 2012 - Mandarin Oriental International Limited, the publicly listed parent company of Mandarin Oriental Hotel Group (the 'Group') announced today that it has, pursuant to a preliminary sale agreement, acquired an option to purchase the freehold interest in the building housing Mandarin Oriental, Paris and two prime street front retail units (collectively, the 'Property') from Société Foncière Lyonnaise ('SFL') for €290 million (US$374 million). The Group has paid a €10 million...
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