Blackstone third-quarter earnings up on strong asset sales

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Blackstone Group LP said on Wednesday its third-quarter distributable earnings rose 9per cent year-on-year, as the world's largest manager of ...

NEW YORK: Blackstone Group LP said on Wednesday its third-quarter distributable earnings rose 9per cent year-on-year, as the world's largest manager of alternative assets such as private equity and real estate took advantage of a rise in corporate valuations to cash out on some of its leverage buyout investments.

Blackstone completed the US$7 billion sale of Cheniere Energy Partners to Brookfield Asset Management and Blackstone Infrastructure Partners in the quarter, as well as the US$625 million initial public offering of India's second real estate investment trust , Mindspace Business Parks.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in FR

France Dernières Nouvelles, France Actualités