Colony Capital to buy Abraaj's Latam private equity unit | Reuters:
U.S. investment group Colony Capital Inc (CLNY.N) agreed to buy Dubai-based Abraaj Group’s private equity business in Latin America, the companies said on Wednesday.
The financial terms of the deal were not disclosed.
The transaction, which is being done through Abraaj Holdings and Abraaj Investment Management Limited’s joint provisional liquidators PricewaterhouseCoopers and Deloitte, is expected to close during the first quarter.
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