CIC Ends Major Blackstone Position

Posted on 03/13/2018

The China Investment Corporation (CIC) ended its major stake in the Blackstone Group. Most of CIC’s position in Blackstone was sold in pieces before 2017. CIC acquired a 9.9% stake in Blackstone in 2007 for US$ 3 billion. A Blackstone spokesman commented in relation to the news, “We greatly value our partnership with CIC and […]

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