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First Sponsor associate acquiring Dutch heritage hotel brand

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Published Mon, Jul 3, 2017 · 09:50 PM

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    Singapore

    FIRST Sponsor Group, through a 33 per cent owned associated company, is acquiring Queens Bilderberg (Nederland).

    Under the purchase, for an aggregate cash consideration of 171.4 million euros (S$270.2 million), the property will be 95 per cent owned by the associate, FSMC NL Property Group BV, and 5 per cent owned by the Event Hotel Group.

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