"A vehicle worth 255 million euros set up for Sandra Ortega, the daughter of Inditex SA's founder Amancio Ortega and Spain's richest woman, will be closed as a sicav and the assets shifted to another type of vehicle, according to a regulatory filing Friday."
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"Amancio Ortega more than doubled his money in three years on a rare foray outside of real estate, the usual focus of the billionaire's personal investments."
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"U.S. private equity firm KKR & Co. owns 40% of Telxius and Spanish billionaire Amancio Ortega owns close to 10% through his investment vehicle."
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"Many of the world's rich from Zara founder Amancio Ortega to banking magnate Joseph Safra have long favored real estate, an asset offering stable cash flows, tax breaks and leverage opportunities."
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