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Ares Management Acquires Stake in Diversified U.S. Energy Portfolio from EDPR

1. Ares Management acquired a 49% stake in renewable assets valued at $2.9 billion. 2. This acquisition enhances Ares' investment position in the renewable energy sector.

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FAQ

Why Bullish?

Acquiring a significant stake in a growing sector like renewable energy signals confidence and potential growth. Historical acquisitions in similar sectors often lead to positive market responses and increased valuations.

How important is it?

The acquisition directly links Ares to a growing sector, suggesting strong future growth potential and increasing investor interest.

Why Long Term?

The long-term growth in renewable energy investments could improve Ares' financial performance, similar to past investments driving sustained growth in companies adjusting to market trends.

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EDPRNEETPR
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that a fund managed by the Ares Infrastructure Opportunities strategy (the “Ares fund”) has acquired a 49% stake in a portfolio of assets from EDP Renováveis, S.A. (“EDPR”), a leading global developer, owner and operator of renewable energy infrastructure. The total estimated enterprise value for 100% of the portfolio amounts to approximately $2.9 billio.

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