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Blackstone is said to agree on $764 mln price for Valad Property Group

Posted on 29 April 2011

Blackstone Group LP (BX) agreed to buy Valad Property Group (VPG) for about A$700 million ($764 million) including assumed debt, said two people with knowledge of the deal, its first major acquisition of real estate in Australia.
The people, who asked not to be identified, declined to say how much Blackstone will pay on a per-share basis because the buyout of the Sydney-based company hasn’t been announced……………………………………….Full Article: Source


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