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Libyan Sovereign Wealth Subsidiary Seeks to Take Control of South African Hotel Group

Bart Dorrestein founded high-end South African leisure group Legacy Hotels & Resorts International (Pty) Ltd. Ensemble Hotel Holdings is owned by Libya Arab Africa Investment Company, which is ultimately owned by the Libyan government (Libyan Investment Authority) . Libya holds billions of dollars in assets in Africa through subsidiaries. Ensemble Hotel Holdings requested that the…
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