Emma Kennedy (August 17, 2022 4:09pm ET) – US asset manager Apollo Global Management has acquired 11.1% of United Arab Emirates-based developer Aldar Properties for $400 million Minority stakes in the two companies, which are part of a combined $1.4 billion, pledged to allow Aldar to continue its aggressive real estate growth strategy in the UAE, the companies announced on Wednesday.
The acquisition will provide Aldar Investment Properties with financial support to further expand the scale of its real estate platform, which has been a year of growth for the company, the announcement said.
Yas Mall, operated by Aldar Properties PJSC, located in Abu Dhabi, United Arab Emirates. New York City-based Apollo Global Management…
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