International

Barings to buy Australian private equity real estate firm Altis & More Breaking News

HONG KONG, Aug 11 (Reuters) – U.S. asset manager Barings has signed a share sale agreement to acquire 100% of Altis Property Partners, an Australian private equity real estate firm, Barings announced on Thursday without disclosing the deal price.

The acquisition, expected to complete on Sept. 1, will add A$6.079 billion ($4.30 billion) in asset under management to Barings’ $48.9 billion real estate portfolio, the statement said.

($1 = 1.4132 Australian dollars)

Reporting by Selena Li; Editing by Christian Schmollinger

Our Standards: The Thomson Reuters Trust Principles.

News – Ngr . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links

newsngr.com.ng

Leave a Reply

Your email address will not be published.

Back to top button