Law360, New York (March 3, 2014, 7:20 PM EST) -- International business magnate George Soros has reportedly acquired a 5 percent stake in Immobiliare Grande Distribuzione, a cooperative Italian shopping center company, through his Quantum Strategic Partners investment fund. Soros bought about 3.15 percent of the company from IGD itself, obtaining the rest of the stake from IGD's second-largest shareholder, Unicoop Tirreno, according to Reuters. The deal makes Soros the company's third-largest investor, sources told the publication, which reported that the deal could be worth around €19.7 million ($27.1 million).
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