Reuters reveals sale of $400 million stake in Indian REIT to Blackstone; Abu Dhabi Fund eyes investment

business Finance

Reuters specially reported Blackstone will sell up to $400 million stake in Embassy Office Parks REIT, India’s largest real estate investment trust, through Indian Stock Exchange block deals. Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to take at least half of the stake sold to Blackstone.

article tag

Topics of interest: business Finance

Type: Reuters Best

region: equities

region: AsiaMiddle East

Country: IndiaUnited Arab Emirates

Winning Types: Specialty

Story Type: Special / Scoop

media type: Basic lesson

Customer Impact: important regional story

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