The firm will own and/or operate hotels and/or serviced apartments in Germany.
Fraser and Neave, Limited announced that FCL (Fraser) Pte. Ltd., a wholly-owned subsidiary of Frasers Centrepoint Limited, which in turn is a wholly-owned subsidiary of the company, incorporated a subsidiary in the United Kingdom known as Frasers Hospitality Frankfurt Investments Ltd.
The new subsidiary has an initial issued capital of €2.
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