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Sign in Sign up for a FREE subscriptionBlackstone buys HNA’s HKICIM for $895m
Funds managed by Blackstone have agreed to purchase a controlling stake in Hong Kong International Construction Investment Management Group Co. (HKICIM), the listed property subsidiary of China’s HNA Group, for HK$7.02 billion ($894.8 million).
Blackstone acquired a 70 percent stake.
Blackstone previously owned the firm before selling it to HNA in August 2016 for HK$2.62 billion ($330 million).
