Market Chatter: Ares Management in Talks to Acquire GLP Data Centers

MT Newswires Live06-09 17:17

Ares Management (ARES) is in talks to acquire international data centers from GLP as part of the logistics operator's plan to sell about $2 billion of assets in 2026, Bloomberg reported Tuesday, citing unnamed people familiar with the matter.

GLP has been meeting bondholders in recent days, outlining plans to boost its finances and reassure investors over liquidity ahead of an expected public listing, according to the report.

Ares and GLP did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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