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Legg Mason sees growth potential, buys Australian firm (access required)

Legg Mason Inc. has agreed to acquire most of Australian firm RARE Infrastructure Ltd. The company, based in Sydney, and with offices in Melbourne, London and Chicago, specializes in global-listed infrastructure investments and manages $7.6 billion for its clients, according to a statement by Legg Mason. In the deal, Legg Mason will pay 280 million Australian dollars ...