China Everbright sells Everbright ALAM stake to Ashmore
China Everbright Ltd. has sold up to a 39% stake in Everbright ALAM, its investment manager specializing in China real estate currently co-owned with RQSI Ltd., to Ashmore Investment Management, a specialist emerging markets asset manager.
After the completion of the deal, for an undisclosed sum, Everbright will remain the controlling shareholder with 51%, and the entity will be renamed Everbright Ashmore. The firm will focus on investing...
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