Ares Management (ARES) through its alternative credit funds, and ABN Amro entered into a collaboration to manage a 1.3 billion euros ($1.36 billion) loan portfolio, ABN Amro said Tuesday.
Ares will join a portfolio of high-quality senior secured infrastructure loans sourced by ABN Amro across Europe, helping ABN Amro optimize its capital and balance sheet management.
Shares of Ares were up 1.3% in recent Tuesday trading.
Price: 192.29, Change: +2.31, Percent Change: +1.21
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