Ares Management to buy GLP Capital's ex-China business in $3.7b deal

Ares Management to buy GLP Capital's ex-China business in $3.7b deal

Source: Ares Management.

US-based Ares Management has entered into a deal to acquire the international business of Singapore-based GLP Capital Partners (GCP), the investment and asset management arm of Asian warehouse giant GLP, for $3.7 billion, according to a company statement on Tuesday. The deal excludes its operations in Greater China.  

Edited by: Pramod Mathew