| From Reuters: Bank of America has dropped plans to exit Merrill Lynch's Asia property funds business and will instead help it raise new money, cashing in on a recovery in the real estate sector, sources said.
BofA was in talks with several private equity firms, including Blackstone Group and Apollo Investment Management, to sell management rights to its $2.65 billion Asia Real Estate Opportunity Fund, which the bank regarded as a non-core business......................................Full Article: Source
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