Blackstone intends to buy Gramercy real estate investment fund for 7.6 billion dollars

The world's largest management company in the field of alternative investments, Blackstone Group, announced the conclusion of an agreement on the acquisition of the real estate investment fund Gramercy Property Trust for 7.6 billion dollars. The deal assumes that Blackstone will pay $27.5 per share for Gramercy. This amount exceeds the quotes at the closure of trading on May 4 by 15%. In addition, Gramercy shareholders will receive dividends for the second quarter of 38 cents per share. The deal was unanimously approved by the Gramercy board of directors. It is planned to be closed in the second half of 2018.

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