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NCH Capital gets nod for Corfu resort

US equity firm to build hotel, marina and holiday homes on Greek island

[MADRID] NCH Capital Inc, a US private-equity firm, has won permission from the Greek government to build a tourist resort on the island of Corfu.

NCH, based in New York, will spend 23 million euros (S$40 million) for the leasehold and invest about 75 million euros to develop a hotel,...