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Blackstone Group, in partnership with Wells Fargo & Co., announces a $23 billion deal to acquire General Electric's real estate business. This move solidifies Blackstone's position as a leading player in the real estate industry, known for managing large-scale property transactions. The deal demonstrates Blackstone's ability to handle substantial investments in the sector, bolstered by its significant cash reserves of over $28 billion prior to the GE deal.
Saturday, 11 April, 2015