Blackstone Group(BX Quote) completed its first Chinese acquisition, paying as much as $600 million for a stake in specialty chemicals maker China National BlueStar, Bloomberg reports.
Buyout firm Blackstone agreed in September 2007 to buy a 20% stake from state- owned China National Chemical, which will own the rest of BlueStar. The deal's completion may be announced next week, Bloomberg reports, citing people familiar with the deal. The $600 million investment includes a $100 million shareholder loan which will be forgiven if BlueStar's profit meets an undisclosed target this year, Bloomberg reports.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
