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Blackstone to acquire GIC’s 49 pct stake in Dexus: Reuters

Blackstone Inc is acquiring Singapore wealth fund GIC's 49 percent stake in Dexus, an Australian logistics trust for $1.50 billion, reported Reuters.

Blackstone Inc is acquiring Singapore wealth fund GIC’s 49 percent stake in Dexus, an Australian logistics trust for $1.50 billion, reported Reuters. The newswire noted that Dexus will own the remainder of the joint venture.

Source: Reuters