German investors in the world's biggest observation wheel face large potential losses after a creditor seized control of the project in Beijing – a rotating viewing platform designed to trump the London Eye.
Around 10,000 retail clients of Delbrück Bethmann Maffei Fonds Invest, the closed-funds division of ABN Amro's German private banking business, have been left fearing for their investment in a €208m ($286m) fund called Global View.
DBM Fonds Invest created the fund in 2006 to help finance big wheel projects in Beijing, Berlin and Orlando, Florida but none has yet been completed.
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