Brief: ESR Group Announces Sale Of ARA Private Funds Business

ESR

10/03/2024 23:20

March 11 (Reuters) - ESR Group Ltd  1821.HK :
    * SALE OF ARA PRIVATE FUNDS BUSINESS
    * DEAL FOR US$270 MILLION
    * ON MARCH 8, CO SIGNED DEAL TO DISPOSE OF INTERESTS IN ARA
PRIVATE FUNDS BUSINESS IN AUSTRALIA, SINGAPORE, SOUTH KOREA AND
USA
    * DEAL WITH ENTITIES WHICH INCLUDE AFFILIATE OF SUMITOMO
MITSUI
FINANCE AND LEASING CO
    * GAIN ON DISPOSAL OF US$50.0 MILLION IS EXPECTED IN
CONNECTION
WITH SALES

Further company coverage:  1821.HK 

 ((Reuters.Briefs@thomsonreuters.com;))