Blackstone in Talks to Sell India REIT Stake to Bain, Reuters Reports
January 24 2023 - 6:50AM
Dow Jones News
--Blackstone Inc. is in talks to sell roughly half of its stake
in Embassy Office Parks REIT, India's largest real-estate
investment trust, to private-equity firm Bain Capital, Reuters
reports, citing sources.
--The deal is worth up to $480 million at current prices,
according to the report.
--Blackstone, which currently owns 24% of Embassy, is planning
to sell a 10% to 12% stake, Reuters reports, adding that a
Blackstone representative declined to comment, while Bain and
Embassy didn't respond to requests for comment.
Full story:
https://www.reuters.com/markets/deals/blackstone-talks-with-bain-sell-480-mln-stake-top-indian-reit-sources-2023-01-24/
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 24, 2023 06:35 ET (11:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Blackstone (NYSE:BX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blackstone (NYSE:BX)
Historical Stock Chart
From Apr 2023 to Apr 2024