PICASSO ESTATE SOLD TO SCEPTER CHAIRMAN RAYO WITHANAGE

MOUGINS, France, Jan 31 (Bernama-BUSINESS WIRE) -- The sprawling estate and final home of Pablo Picasso in Mougins, France was sold for an undisclosed sum to Brunei financier Rayo Withanage. The Mayor of Mougins confirmed in an official press release the sale as reported by The Wall Street Journal.

A resident of Bermuda and London, Mr. Withanage is the founder and chairman of Scepter Partners, a direct investment and merchant bank for sovereign investors. He is also a founder of The BMB Group alongside HH Prince Abdul Ali Yil Kabier of the Brunei Royal Family. The high profile estate L’Antre du Minotaure (the Den of The Minotaur) is widely regarded as one of the finest properties in the south of France.

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