Jelmoli Holding, one of Switzerland's leading retail and real estate companies, has acquired 39% of Seiler Hotels' share capital, bringing its total share ownership in the luxury hotel chain to 80%. Jelmoli, listed on the Swiss stock exchange SWX, acquired a 36% stake in 2005 and a further 5% in 2006.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
