Blackstone Inc (BX)

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Blackstone in Talks to Sell India REIT Stake to Bain, Reuters Reports
January 24 2023 - 06:50AM
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.[ Was Bain Capital started by Utah Senator Mitt Romney?]

--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/


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