Cerberus Capital Management has pulled out of running for Abraaj Group’s asset management platform, Bloomberg reported. Cerberus has walked away after its offer was rejected by Abraaj investors, the story said. Cerberus’s $25 million offer for the rights to manage Abraaj’s platform was among the lowest of several bidders, Bloomberg said.
Source: https://www.pehub.com/2018/07/cerberus-walks-away-from-abraaj-bloomberg/
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