Blackstone to Buy Centro's US Assets for $9.4 Billion: ...

Private equity firm Blackstone has won a contest to buy the U.S. shopping mall assets of Australia's debt-laden Centro Properties with an offer of about $9.4 billion, a source with knowledge of the transaction said on Monday.

Blackstone [BX  17.76    0.46  (+2.66%)   ] beat rival bidders including Morgan Stanley Real State which had teamed up with Starwood Capital and New York-based NRDC, the source said.

 

Blackstone agreed to pay book value for the assets which Centro has valued at around $9.4 billion, the source said, confirming media reports.

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