Blackstone to buy office developer SOHO China in $3b deal

Blackstone to buy office developer SOHO China in $3b deal

Photo: Bloomberg

Blackstone Group Inc will buy all issued shares in SOHO China Ltd for HK$23.7 billion ($3.05 billion) and maintain its stock market listing, the Chinese office developer said in a filing on Wednesday.

The U.S. private equity firm will offer HK$5 per share, 31.6% higher than the last closing price of HK$3.8 on Friday, in what would be its largest real estate deal in China.

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