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Soros' fund buys 5 pct of Italian shopping centre group
March 3, 2014 / 7:55 AM / 4 years ago

Soros' fund buys 5 pct of Italian shopping centre group

MILAN, March 3 (Reuters) - An investment fund managed by Soros Fund Management of billionaire financier George Soros has bought around 5 percent of Italian shopping centre group Immobiliare Grande Distribuzione (IGD), the company said in a statement.

Fund Quantum Strategic Partners has bought about 3.15 percent of IGD from the company itself and the rest from its second-largest shareholder Unicoop Tirreno.

IGD develops and manages shopping centres in Italy and has a significant presence in Romania’s retail distribution.

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