Starr International Company, Inc.

Starr International Acquires Stake in Discovery Russian Realty Paveletskaya Project

    New York (ots/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.

      Sarah Lubman
      Brunswick Group

ots Originaltext: Starr International Company, Inc.
Im Internet recherchierbar:

Sarah Lubman of Brunswick Group, +1-212-333-3810, for Starr
International Company, Inc.

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