Barings to buy Australian private equity real estate firm Altis
11/08/2022 01:39
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)
((Selena.Li@thomsonreuters.com; +852 39525868;))
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