Blackstone picks 46% in Korean drug retailer Geo-Young

Blackstone Group, the world’s largest manager of alternative assets, announced that it has agreed to acquire a 46 per cent stake in Geo-Young, South Korea’s top drug retailer.

The New York-based PE firm did not disclose the financial details of the acquisition but a Maeil Business News Korea report said Blackstone is acquiring the stake for W1.1 trillion ($945 million).

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