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Morning briefing: Saba doubles Pantheon International stake to 10%; Sirius buys defence park in Germany; GABI reports "strong progress" in its wind-down
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Morning briefing: Saba doubles Pantheon International stake to 10%; Sirius buys defence park in Germany; GABI reports "strong progress" in its wind-down
Saba Capital has doubled its stake to 10% in Pantheon International (PIN), the £1.6bn private equity fund on a 31% discount where activists AVI and Metage also hold positions. Sirius Real Estate (SRE) has bolstered its defence exposure with the €93.4m acquisition of a business park in Kiel, Germany, predominantly let to Rheinmetall, the country’s largest arms manufacturer. GCP Asset Backed Income (GABI) made “strong progress” in the second year …
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