China Investment Corp and Blackstone Team Up in Japan Property Purchase

China Investment Corp, the country’s main sovereign wealth fund, has teamed up with The Blackstone Group (BX) to buy a Japanese property loan portfolio from Morgan Stanley (MS) at a steep discount to its face value of $1.1 billion, according to sources familiar with the matter. CIC and Blackstone paid about 35 cents on the dollar for the portfolio, which includes both current and non-performing loans, sources said. CIC put up most of the money, they added. – FT

Jasper - The Real Deal!

Risk Our Money Not Yours | Get 50% Off Any Account!

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.