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Blackstone Reportedly In Talks to Sell 3 Logistics Projects to PING AN for RMB2.7B
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Blackstone (BX.US) is engaged in advanced negotiations with PING AN (02318.HK) to sell three logistics projects in China, with Blackstone set to retain management of the assets post-sale, Bloomberg quoted people with the knowledge of the matter. The deal could be nailed as early as the second quarter. Blackstone reportedly plans to offload the properties, located in the Greater Bay Area, to Ping An Life Insurance for approximately RMB2.7 billion. The portfolio includes a logistics park in Foshan and two additional projects in Dongguan. AAStocks Financial News |
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