29th Nov 2013 08:35
LONDON (Alliance News) - Private equity firm Apollo Global Management is close to concluding an agreement to buy a GBP400 million set of distressed UK properties that have been put up for sale by Aviva PLC, the Financial Times newspaper reported Friday, citing "people familiar with the matter".
The portfolio consists of about 135 largely of commercial and retail-related properties, the FT said.
In early trading Friday, the FTSE 100 insurer was quoted at 433.70 pence, up 1.00p.
http://www.ft.com/cms/s/0/62d03d40-5858-11e3-985e-00144feabdc0.html?ftcamp=crm/email/20131129/nbe/UKBusiness/product&siteedition=uk#axzz2m18mct6l
By Tom Waite; [email protected]; @thomaslwaite
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