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Article: Starwood Capital to Acquire a Controlling Interest in Groupe Taittinger, Societe Du Louvre.
- Article from:
- PR Newswire
- Article date:
- July 22, 2005
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GREENWICH, Conn., July 22 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a closely held real estate investment firm based in Greenwich, Connecticut, today announced it has signed an agreement to acquire a controlling interest in French holding company Groupe Taittinger, owner of Taittinger CVCC, the world's sixth largest champagne producer, and in Societe Du Louvre, Europe's second largest hotel network.
Members of the Taittinger Family, the CNP (Albert Frere Group) and the Societe Fonciere, Financiere et de Participations - FFP, who collectively own more than 65% of the share capital of the Taittinger Group, have all agreed to sell their stakes in ...