Keppel to buy European real estate fund manager Aermont Capital for $1b

Keppel to buy European real estate fund manager Aermont Capital for $1b

FILE PHOTO: A view of Keppel signage outside their building in Singapore June 28, 2023. REUTERS/Edgar Su/File Photo

Keppel Capital Holdings, a unit of Singapore-listed Keppel Corporation, has agreed to acquire an initial 50% stake in the European real estate fund manager Aermont Capital, for a consideration of up to 356.9 million euros ($388 million), in a move to expand its footprint beyond the Asia Pacific.

Edited by: Pramod Mathew