Blackstone, Ivanhoé Cambridge up ownership in Gecina
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, and real estate funds managed by U.S. private equity firm Blackstone Group have bought additional shares in French property business Gecina S.A. Ivanhoé and Blackstone bought 6.9 percent of Gecina's share capital and voting rights from Spain's Metrovacesa S.A. As a result, Ivanhoé and Blackstone currently hold 29.9 percent of Gecina's shares and voting rights. Reuters earlier estimated the value of Metrovacesa's sale of its entire position in the company at US$2.11 billion.
29 July 2014•3 mins read
