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Legg Mason completes acquisition of Australian company

Legg Mason has completed the acquisition of the majority shares in RARE Infrastructure Limited, a global listed infrastructure manager based in Sydney, Australia.  As of Oct. 20, RARE Infrastructure reported assets under management of $6.8 billion. The company has offices in Melbourne, London and Chicago and manages $7.6 billion for its clients. Baltimore-based Legg Mason paid 280 ...

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