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Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone’s private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Wikipedia

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Blackstone defaulted on a $562 million bond backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord it acquired in 2018. John Gittelsohn has more on “Bloomberg Markets: The Close.”

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Blackstone defaulted on a €531 million ($562 million) bond backed by a portfolio of Finnish offices and stores as rising interest rates hit European property values https://t.co/5Zk8AuZydm pic.twitter.com/MfJLy1iBeC

— Bloomberg TV (@BloombergTV) March 2, 2023

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