The Finnish state has transferred its holding in listed real estate firm Sponda to state-owned vehicle Solidium. The operation involved the transfer of 38 million shares, roughly 34% of Sponda’s share capital. The Finnish state no longer holds any shares in Sponda.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
