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Billionaire Safra Buys Real Estate Firm to Expand Money Manager ASA

Alberto Safra, who left one of the most storied financial empires in Latin America to start his own investment business, is expanding the firm’s real estate offerings.

The billionaire’s ASA Investments purchased Sao Paulo-based CORE Real Estate Gestao de Investimentos, according to a statement, which didn’t disclose the size of the transaction.