Credit Suisse Group sold an office complex in Zurich to Norway's $660 billion sovereign-wealth fund for $1.08 billion as the Swiss lender tries to boost its capital.
November 29, 2012 at 12:00 AM
1 minute read
Credit Suisse Group sold an office complex in Zurich to Norway’s $660 billion sovereign-wealth fund for $1.08 billion as the Swiss lender tries to boost its capital.
Norges Bank Investment Management acted as the buyer on behalf of the Norway Government Pension Fund Global, the Zurich- based bank said in a statement Thursday. The Uetlihof office complex is about 1.9 miles southwest of Zurich’s center, according to Credit Suisse.
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