Indonesia's wealth fund INA, Ares sign agreement on innovative financing

Reuters
03-06
Indonesia's wealth fund INA, Ares sign agreement on innovative financing

JAKARTA, March 6 (Reuters) - Sovereign wealth fund the Indonesian Investment Authority and Ares Management Corporation ARES.N said on Thursday they have signed an investment framework agreement on innovative financing mechanism.

Ares has committed to explore investment opportunities worth up to $500 million with the INA, the company said in a joint statement.

(Reporting by Ananda Teresia; Editing by Martin Petty)

((Ananda.Teresia@thomsonreuters.com;))

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