Blackstone gets SGX-ST nod for trust scheme to acquire Japan-focused Croesus Retail Trust

Blackstone gets SGX-ST nod for trust scheme to acquire Japan-focused Croesus Retail Trust

Photo: Bloomberg

Blackstone Group has approval in principle (AIP) from Singapore Exchange Securities Trading Limited (SGX-ST) for the trust scheme for the acquisition of Croesus Retail Trust (CRT) , a move that will see the private equity major acquire the Japan-focused property operator via the scheme for $649.8 million.

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