NEW YORK, July 3 /Xinhua-PRNewswire/ --
Starr International Company, Inc. ("SICO"), through its wholly-owned subsidiary Starr Investments Cayman I, Inc., acquired a substantial shareholding in Discovery Russian Realty Paveletskaya Project Limited, a real estate development company which will develop a mixed use complex in the Paveletskaya business area in Moscow. The development contemplates construction of four 11-story class A office buildings and an hotel of 170 rooms.
Starr International Company, Inc ("SICO") is a non-regulated private investment company incorporated in Panama in 1943 and is chaired by Mr. Maurice R. Greenberg. SICO serves as a private financial services holding company with approximately USD$20 billion in assets world wide. These investments are made through direct investments, publicly traded securities and private equity funds with a focus on financial services, real estate, consumer products and services, retail and energy businesses. SICO remains as the single largest shareholder of American International Group, Inc.
