Firms express interest in Merrill business in Asia

07/21/2009 | Wall Street Journal, The

Apollo Investment Management, Blackstone Group and other firms have expressed interest in taking over management of the Asian real estate investment business of Bank of America Merrill Lynch, sources said. Sumitomo Mitsui Banking and Red Fort Capital Advisors are considering a joint bid, other sources said. The negotiations are in an early phase.

View Full Article in:

Wall Street Journal, The

Published in Brief: