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Esr To Buy Ara For $5.2 Billion, Creating World’s Third-largest Listed Real Estate Asset Manager

by forbes.com posted 1month ago 41 views
ESR shareholders OMERS and JD.com back the deal; Sumitomo Mitsui will ESR stake. : ESR, a Hong Kong-based logistics real estate firm, has agreed to buy 100% of ARA Asset Management, an Asia-Pacific real estate manager, for $5.2 billion in stock and cash, in a transaction that will create the world’s No. 3 listed real estate asset management company, ESR said in a statement today. ESR, which went public at the Hong Kong Stock Exchange in 2019, will issue $4.7 billion of consideration shares and vendor loan notes shares.

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