Aberdeen to buy German property manager

UK-listed Aberdeen Asset Management is to buy a German property investment management company from Dresdner Bank as it targets growth in Europe's largest commercial real estate market.

Aberdeen has agreed to pay Dresdner €110m ($158m) in cash for Deutsche Gesellschaft für Immobilienfonds, which manages approximately €6.4bn in open-ended property funds offering German, European or global commercial property exposure.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire