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Blackstone Eyes $452M Loan For Valad Deal
Blackstone is aiming to secure nearly $452 million loan.
Blackstoneis aiming to secure nearly $452 million loan,Reutersreports. The global private equity group will use the loan to fund its acquisition of Australia property firmValad Property Group.
The firm has appointedJP MorganandNational Australia Bankto lead the financing. Blackstone will buy Valad in an agreement valuing the property group at $217.15 million.
Click here for the story fromReuters.