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Alternative asset manager DigitalBridge to buy ArcLight for up to $1.05 billion

Alternative asset manager DigitalBridge to buy ArcLight for up to $1.05 billion

- Alternative asset manager DigitalBridge DBRG.N said on Wednesday it has agreed to buy ArcLight Capital Partners, a specialist investor in power and electric infrastructure, in a deal valued at up to $1.05 billion.

The terms include a base purchase price of $650 million, with an additional $400 million in contingent consideration, the company said.


(Reporting by Manya Saini in Bengaluru;)

((Manya.Saini@thomsonreuters.com; X: manya__saini;))

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