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13 February 2012

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Dubai's Marfin plans e135m investment in Croatia's Sunce hotel group

Greek buyout fund Marfin Investment is to make a e90m investment in Croatian hotel group Sunce Koncern, taking a 50% stake as part of plans to profit from growing tourism in eastern Europe. Marfin, whose biggest shareholder is the government of Dubai, also has a two-year option to pay e45m more for a further 25% stake in Sunce, which operates 11 hotels in Croatia.

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