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Corporate News
Property tycoon sits on US$9bil debt mountain
THE email lit up inboxes at six of the world’s biggest banks. A wealthy businessman by the name of Cevdet Caner, the anonymous sender wrote, seemed to be headed for trouble.
Business
Vonovia to buy Austrian developer for US$1.9bil
BERLIN: Vonovia SE agreed to buy Austrian developer Conwert Immobilien Invest SE for about 1.7 billion euros (US$1.9bil), a fresh attempt to grow with an acquisition after a bid for its largest German competitor failed.
