China Vanke group seals $1.9b property deal with Blackstone, chips in $583m

China Vanke group seals $1.9b property deal with Blackstone, chips in $583m

An employee walks past a logo of Vanke at its headquarters in Shenzhen, south China's Guangdong province, November 2, 2015. REUTERS/Tyrone Siu

Developer China Vanke Co Ltd said on Thursday it and its partners have sealed a $1.9 billion deal with Blackstone Group LP and third parties, with itself putting in 3.89 billion yuan ($583.02 million) to buy their property firms.

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