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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Super Fund admits defeat in Portugal

Legal action ends over $233m loan default.

Tue, 22 Oct 2019

The Super Fund has finally thrown in the towel on a legal battle to recover $US150 million ($233m) it lent to a shaky Portuguese bank connected to a circular Venezuelan finance scheme.

The fund’s annual report published today said its legal action against the Bank of Portugal, which stepped in

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Super Fund admits defeat in Portugal
Investment,
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