Blackstone trust scheme gets unitholders’ nod for Croesus Retail buyout

Blackstone
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid - RTSDKHE

Private equity major Blackstone Group’s trust scheme for the $649.8 million acquisition of Croesus Retail Trust (CRT), the Japan-focused property operator, has got an approval from the unit holders and now CRT will seek Singapore court’s sanction for the scheme.

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