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Blackstone sets up new company to develop Mena projectsPrivate equity giant Blackstone has launched a new company to develop energy-related projects in the Middle East and North Africa (Mena) and the neighbouring regions. Zarou will be responsible for development, finance, constructio More… |
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Blackstone sets up new company to develop Mena projectsPrivate equity giant Blackstone has launched a new company to develop energy-related projects in the Middle East and North Africa (Mena) and the neighbouring regions. Zarou will be responsible for development, finance, constructio More… |
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Thomson Reuters rebrands financial, risk businessThomson Reuters Financial & Risk business has announced that following the closing of the strategic partnership transaction between Thomson Reuters and private equity funds managed by Blackstone, the Financial & Risk business will be k More… |
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Saudi Arabia, Blackstone plan $40bn infrastructure fundSaudi Arabia’s Public Investment Fund (PIF) and Blackstone have signed an agreement to launch a $40 billion investment vehicle dedicated to infrastructure with an anchor $20 billion contribution by PIF. Blackstone anticipate More… |
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China’s HNA to buy 25pc stake in Hilton for $6.5bnChina’s aviation and shipping conglomerate HNA will acquire about 25 per cent equity interest in hotel operator Hilton Worldwide Holdings from affiliates of Blackstone $6.5 billion, or $26.25 per share in cash. With this, HN More… |
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Blackstone acquires Serco's BPO operations for $385mPrivate equity funds managed by Blackstone is set to acquire a majority of Serco Group's private sector business process outsourcing (BPO) operations. The definitive agreement will include the former Intele More… |
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Blackstone to buy Strategic Hotels unit in $6bn dealBlackstone Group's real estate fund will buy US luxury hotel owner Strategic Hotels & Resorts and unit Strategic Hotels Funding in a deal valued at $6 billion, including debt. Strategic Hotels & Resorts shares rose to More… |
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Blackstone, Mumtalakat buy into GEMS EducationDubai's Fajr Capital said on Wednesday that it was part of a group including Blackstone and Bahrain sovereign fund Mumtalakat that acquired a "significant minority stake" in UAE-based GEMS Education. No price for the More… |
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Dubai World hires Blackstone to look at debt optionsConglomerate Dubai World has hired New York-based investment and advisory firm Blackstone Group LP to take a fresh look at its debt and how to make repayments to creditors, sources aware of the matter told Reuters. "This is o More… |
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$213m pay packet for Blackstone chief!Blackstone Group co-founder Stephen Schwarzman got about $213.5 million in salary, share of profits and cash distributions from his holdings in 2011, up 33 percent from the previous year. Schwarzman, 65, who co-founded Blackstone in 1985, More… |
