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Editor's take: The Week That Was — Aug 2-7 dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Hong Kong’s ESR to buy Warburg-backed ARA Asset for $5.2b Photo: ESR August 5, 2021 Hong Kong-based ESR Cayman Ltd has agreed to acquire the entire share capital of real estate fund manager ARA Asset Management for $5.2 billion in a deal that will create Asia Pacific’s largest real asset fund manager. In an announcement, the companies said the assets under management of the combined entity will be $129 billion, with more than $50 billion to focus on so-called New Economy real estate, such as data centres. Under the terms of the deal, ESR will acquire 100% share capital of ARA via a 90/10 stock/cash transaction, which comprises $4.7 billion in new ESR shares and vendor loan notes, and $519 million funded by a $250 million placement to Sumitomo Mitsui Corporation (SMBC) and $269 million in debt. ....
North American Morning Briefing : Stock Futures Tick Up Ahead of Trade Data marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
CK Hutchison Posts 41% Profit Jump as Virus-Hit Units Recover bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Hong Kong's ESR to buy real estate fund manager ARA Asset for $5.2 billion leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.