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Reverse alchemy

6 November 2007 By John Foley

The UK property whiz looks to be nursing a £180m loss after his Sainsbury adventure turned sour. That follows hard on his failure to clinch a property deal with Mitchells & Butlers. It’s not just the financial hit that’s painful. Tchenguiz’s ability to pull off similar deals may be hampered after campfollowers also lost a packet.

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