Sołowow and Starwood not taking over Echo – paper

US investment firm Starwood Capital Group and Polish investor Michał Sołowow are no longer in talks to acquire 46 percent in property developer Echo Investment, according to sources quoted by Puls Biznesu. Neither of the potential investors confirmed the talks. The sources said that the negotiations were scrapped due to price discrepancies. Currently, the 46 percent stake in Echo Investment is valued at some PLN 1.33-1.55 billion.