World Business Briefing: China: Blackstone Buys Stake in Chemical Group
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The Blackstone Group, the private equity firm, bought a 20 percent stake in a Chinese chemical company in its first deal in the country since a Chinese government fund bought into the group. Blackstone, which is based in New York, paid $600 million for the stake in the state-owned China National BlueStar Corporation, the two companies said. The deal, which requires regulatory approval, cements Blackstoneâs status as a central player on the mainland. China National Bluestar is a unit of the China National Chemical Corporation, a state-owned enterprise better known as ChemChina.
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Blackstone Group plans to sell some  New York office buildings it is acquiring from Equity Office  Properties Trust  to Macklowe Properties for about $7  billion, a source close to the deal said on Wednesday.
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Private equity firm Blackstone Group's  initial public offering was about seven times subscribed, boosted by demand from Asia, the Middle East and Europe, the Financial Times reported on Thursday.
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Basell will buy a U.S. chemical company, the Huntsman Corporation, for $5.6 billion to strengthen its position as a global chemicals group.
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Blackstone Group LP agreed to buy Tussauds Group, owner of London's Madame Tussauds waxworks museum, for $1.9 billion to create the world's second-biggest operator of tourist attractions.
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China teams up with US aluminium giant Alcoa to buy a 12% stake in mining firm Rio Tinto for $14.05bn.
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U.S. antitrust authorities said on  Tuesday they had approved plans by Blackstone Group LP   to buy Alliance Data Systems Corp.  for $6.76 billion.
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Blackstone Group  has agreed to  buy 20 percent of chemical maker China National BlueStar  (Group) Corp for up to $600 million, the private equity groups  said on Monday, marking its first major investment in the  fast-growing market.
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Alcoa Inc.  is selling its entire stake in Aluminum Corp of China Ltd , the world's third-largest producer of alumina, to raise up to U.S.$2 billion, a term sheet said on Wednesday.
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The Blackstone Group had also bid for U.S. apartment owner Archstone-Smith Trust  in the weeks before Archstone agreed to acquired by affiliates of Lehman Brothers Holdings Inc.  and Tishman Speyer for more than $15 billion, The Wall Street Journal Online reported on Thursday.
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U.S. antitrust authorities said on Tuesday they had approved plans by Blackstone Group LP  to buy Alliance Data Systems Corp.  for $6.76 billion.
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Private equity firm Blackstone Group&#39;s   initial public offering was about seven times  subscribed, boosted by demand from Asia, the Middle East and  Europe, the Financial Times reported on Thursday.
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US buyout fund Carlyle Group will pay $400m ($206m) for a 25% stake in insurance company China Pacific Life,  in the country's biggest  private equity deal yet.
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According to fdi.gov.cn: According to Germany-based Bayer Group, it has laid down a latest investment plan for 2009 in China. The plan will enable 1.8 billion euro of additional investment in Bayer's new synthetic material production project in Shanghai.
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The Blackstone Group had also bid for  U.S. apartment owner Archstone-Smith Trust  in the weeks  before Archstone agreed to acquired by affiliates of Lehman  Brothers Holdings Inc.  and Tishman Speyer for more than  $15 billion, The Wall Street Journal Online reported on  Thursday.
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China&#39;s biggest computer maker says it has acquired a majority stake in IBM&#39;s personal computer business. The 1.75- billion-dollar deal is one of the biggest Chinese overseas acquisitions ever.
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Equity Office Properties Trust  said on Friday that its board of trustees has voted to reaffirm its support for a $54 per share takeover offer from private equity firm The Blackstone Group, despite a higher competing bid from Vornado Realty Trust.