TOKYO -- Japanese property group Mitsubishi Estate is acquiring a majority stake in Patron Capital Partners, a U.K. fund manager with assets under management of about 4.6 billion euros ($5.2 billion).
Business deals
Mitsubishi Estate buys UK's Patron Capital in diversification drive
Japan group's total assets to grow to around $48bn as it doubles Europe holdings
The Livingston Designer Outlet mall in Scotland is owned by Patron Capital. Japanese property group Mitsubishi Estate is acquiring a controlling stake in the U.K. fund manager. (Patron Capital)
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