Blackstone, a global investment giant, is set to completely divest its 23.6% stake in Embassy Office Park REIT through a substantial $833 million block deal. The exit, one of the largest in recent times, has a floor price of Rs 310 per share, approximately 8% lower than the current market price. The move follows Blackstone’s gradual reduction of holdings, with a previous $400 million stake sale in September 2022. This strategic exit is poised to impact Embassy REIT’s dynamics and is closely watched in financial circles as Blackstone reshapes its investment portfolio.
Blackstone to Exit Embassy REIT in $833 Million Deal
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