Announced
Financials
Tags
Private Equity
Single Bidder
Cross Border
property development
China
Acquisition
Majority
Real Estate Holding and Development
Public
Friendly
Failed
Synopsis
The Blackstone Group terminated the $3.05bn acquisition of a 91% stake in SOHO China, a Chinese building developer. The US private equity group had made its offer conditional on approval by the country’s competition authorities and in a joint statement, Blackstone and Soho China said they would not be able to receive antitrust approval in the agreed-upon timeframe.
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