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7/5/13

Blackstone plans takeover of Dutch mall developer Multi

U.S. private equity giant Blackstone plans to buy Dutch mall developer Multi Corporation in a deal that would allow it to boost its presence in, a document showed.

Blackstone has amassed about half of Multi's estimated 900 million euros ($1.16 billion) of debt at steep discounts, a source close to the situation has told Reuters, prompting speculation it would mount a takeover for the developer that operates in 14 countries.

The document carried by the Official Journal of the European Union dated June 28 showed a takeover proposal was filed last month that is under review by the European Commission as it could "fall within the scope of the EC Merger Regulation".

Read more: Blackstone plans takeover of Dutch mall developer Multi | Reuters

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