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Starr International Acquires Stake in Discovery Russian Realty Paveletskaya Project
NEW YORK, July 3 /PRNewswire/ --
Starr International Company, Inc. ("SICO"), through its wholly-owned
subsidiary Starr Investments Cayman I, Inc., acquired a substantial
shareholding in Discovery Russian Realty Paveletskaya Project Limited, a real
estate development company which will develop a mixed use complex in the
Paveletskaya business area in Moscow. The development contemplates
construction of four 11-story class A office buildings and an hotel of 170
rooms.
Starr International Company, Inc ("SICO") is a non-regulated private
investment company incorporated in Panama in 1943 and is chaired by Mr.
Maurice R. Greenberg. SICO serves as a private financial services holding
company with approximately USD$20 billion in assets world wide. These
investments are made through direct investments, publicly traded securities
and private equity funds with a focus on financial services, real estate,
consumer products and services, retail and energy businesses. SICO remains as
the single largest shareholder of American International Group, Inc.
Contact:
Sarah Lubman
Brunswick Group
+1-212-333-3810
