Goldman, Apollo Asia to Invest $235m in tallest Thai building

Goldman, Apollo Asia to Invest $235m in tallest Thai building

Goldman Sachs Group Inc. and Apollo Asia Sprint Holding Co. will invest 8.4 billion baht ($235 million) in a real estate development that includes Thailand’s tallest skyscraper.

The proposed investment — a $216 million equity injection and $18.8 million of financing — is expected to be completed within February 2017 subject to certain conditions, the building’s developer Pace Development Corp. said in a filing in Bangkok on Tuesday.

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