BUSINESS

Luxury holiday resort planned for Cassiope

TAGS: Privatizations

NCH Capital, a New York-based investment fund, plans to spend about 100 million euros to build a luxury seaside holiday resort on Corfu, it said on Friday.

Under a privatization scheme, part of a third international bailout signed last year, Greece on Thursday concluded the lease of a 108.3-acre plot, Cassiope, to NCH Capital for 23 million euros.

[Reuters]

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