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Billionaire Kretinsky Bought a French Castle for $43 Million

  • Chateau du Marais has a park and a 550 meter-long mirror-lake
  • Purchase is a 50-50 joint investment with Jiri Smejc
Chateau du Marais, south-west of Paris.
Chateau du Marais, south-west of Paris.Source: Google Maps
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An investment vehicle backed by Czech billionaire Daniel Kretinsky bought a castle located south-west of Paris for 43 million euros ($43.1 million), with a plan to turn it into a luxury hotel complex, according to people familiar with the matter.

Kretinsky acquired the Chateau du Marais and its surrounding land over the summer from a French aristocratic family, according to filings seen by Bloomberg.