DigitalBridge Group, Inc. Announces ADIA Acquires A 40% Stake In Landmark Dividend
Portfolio Pulse from Benzinga Newsdesk
DigitalBridge Group, Inc. (NYSE:DBRG) announced that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire a 40% stake in Landmark Dividend LLC. The investment includes a commitment from ADIA and DigitalBridge to support Landmark's growth. The transaction requires regulatory approvals and is expected to close in the first half of 2024.
November 01, 2023 | 9:26 pm
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DigitalBridge's partnership with ADIA for the acquisition of a 40% stake in Landmark Dividend could potentially boost its growth and market position.
The acquisition of a significant stake in Landmark Dividend by ADIA, backed by DigitalBridge, could potentially enhance DigitalBridge's market position and growth prospects. This is due to the commitment from ADIA and DigitalBridge to support Landmark's growth, which could lead to increased revenues and profitability for DigitalBridge in the future.
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