Abu Dhabi Financial Group unit offers to buy Abraaj's investment management arm
- A unit of Abu Dhabi Financial Group has made a conditional offer to buy private equity firm Abraaj's investment management business for $50 million, according to a document reviewed by Reuters.
- The offer from Abu Dhabi Capital Management (ADCM) is well below the $125 million offered by New York-based private equity firm Cerberus Capital Management before Dubai-based Abraaj filed for provisional liquidation in the Cayman Islands last week.
Published June 20, 2018
Join the discussion — please keep to our Community Guidelines.