Finnish group buys Swedish hotels
AFP · 18 Jan 2008, 19:02
Published: 18 Jan 2008 19:02 GMT+01:00
The sale covers several luxury hotels in Finland, such as Crowne Plaza in Helsinki, and the Holiday Club at the Aare ski resort in northwest Sweden.
Northern European Properties, based on the isle of Jersey, said it had sold the properties in order to concentrate its activities in Russia and the Baltic states.
CapMan was created in 1989 and now manages diversified assets worth about 3.0 billion euros.