Blackstone Plans Sale of Logistics Projects in China
According to a February 26 report by Bloomberg News, Blackstone Inc. is planning to sell three logistics projects in China to Ping An Life Insurance Co. The deal is valued at approximately 2.7 billion yuan.
BLACKSTONE PLANS TO SELL THREE LOGISTICS PROJECTS IN CHINA TO PING AN LIFE INSURANCE CO. FOR ABOUT 2.7 BILLION YUAN- BLOOMBERG NEWS
This announcement comes as Blackstone continues to adjust its global investment portfolio. The sale of the Chinese logistics projects represents a strategic move within the investment landscape.
