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28 May 2012

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Fortress' Eurocastle dives to first quarter loss, seeks share buyback

Eurocastle, the listed European commercial property vehicle controlled by US private equity group Fortress Investments, dived to a net loss of e84.1m for first quarter 2008, reversing a profit of e54.4m in 1Q07. It also will seek shareholder approval for a stock buyback at the annual meeting in June. It did not specify terms or amount.

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