Blackstone Eyeing Up Brazil
Post on April 4, 2016, 1:51 pm by the-victoria-law-group 0 Comments
Investment firm Blackstone Group LP hired advisers from JP Morgan Chase & Co. to consider acquiring a controlling stake in Brazilian shopping mall operator BR Malls Participacoes SA , a newspaper reported on Sunday.
Rio de Janeiro daily O Globo, without citing sources for its information, said the acquisition would amount to Brazil’s biggest-ever real estate transaction and could be valued at as much as 12 billion reais ($3.38 billion).
A spokeswoman for BR Malls, which is based in Rio and is Brazil’s biggest mall operator, declined to comment.
A spokeswoman for JP Morgan Chase declined to comment.
A spokeswoman for Blackstone did not return phone calls or an email seeking comment.
Read Yahoo Finance article here:
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