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20 February 2011 ~ Comments Off

Malaysian fund joins race for Quinlan’s stake

Business loans

OIL-RICH Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) is thought to be interested in buying bank loans associated with Derek Quinlan’s stake in the €1.2bn-valued Maybourne hotel group in London, which owns the landmark Claridge’s, Connaught and Berkeley hotels.

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