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Almacantar mandates Rothschild to find shareholder for £2bn business

The owners behind Central London property developer, Almacantar are embarking on a major investment drive which will lead to either a central shareholder being brought on to take it to the next phase of growth, or an outright sale of the £2bn business, CoStar News can reveal.
By James Buckley
January 11, 2018 | 6:17 P.M.

The company’s owners, which include cornerstone investor Exor, the investment arm of Italy’s Agnelli family, as well as the family behind Chanel and other private investors, have instructed Rothschild to find a new shareholder for the business to “double up” in London, potentially taking it from a £2bn to a £4bn business.

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News | Almacantar mandates Rothschild to find shareholder for £2bn business