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China deals a blow to Blackstone’s ambitions
FT News Briefing
Blackstone Deal to Buy Soho China - A Setback for Blackstone's Investments in China
The world's largest private equity firm, blackstone, said it was ending a multi billion dollar deal to buy a big chinese property company. The company is called soho china, and it was going to be the centre of blackstone's property empire in china. But regulators in bajing said they wouldn't approve the deal within the agreed time frame.
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