Azeri Oil Fund to Invest in Real Estate in Europe, Trend Says
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The State Oil Fund of Azerbaijan, known as Sofaz, plans to invest in real estate in Europe, private Azeri news agency Trend reported today, citing Israfil Mammadov, head of the company’s fund management department.
The fund seeks to diversify investment instruments including gold and stocks and sets its priority to invest in commercial real estate in developed European countries with transparent markets, the agency said.