• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Ares agrees to buy GLP Capital’s ex-China business, Bloomberg News reports

by October 8, 2024
written by October 8, 2024

(Reuters) – Investment firm Ares Management (NYSE:ARES) has agreed to acquire asset manager GLP Capital Partners’ operations outside of China, Bloomberg News reported on Monday, citing people familiar with the matter.

Ares and GLP Capital are set to announce a deal as soon as Tuesday, the report said.

Last month, Bloomberg News reported that the deal might include an upfront payment of roughly $3.5 billion and the total value could rise to around $5 billion over time if certain targets are hit.

Ares and GLP did not immediately respond to Reuters’ requests for comment.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Morning Bid: China stock frenzy gets a wet blanket
next post
China slaps anti-dumping measures on brandy imports from EU

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • There are no conditions for signing off on EU-Mercosur trade deal, Italy says
    • Factbox-What’s at stake for China’s markets at the US election

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy