Saturday 20 September 2014

Dubai World hires Blackstone to look at debt options

Conglomerate Dubai World has hired New York-based investment and advisory firm Blackstone Group LP to take a fresh look at its debt and how to make repayments to creditors, sources aware of the matter told Reuters. "This is o


$213m pay packet for Blackstone chief!

Blackstone Group co-founder Stephen Schwarzman got about $213.5 million in salary, share of profits and cash distributions from his holdings in 2011, up 33 percent from the previous year. Schwarzman, 65, who co-founded Blackstone in 1985,


Al Habtoor holds talks with Blackstone chairman

Al Habtoor Group chairman Khalaf Al Habtoor and Steve Scharzman, the chairman and CEO of the Blackstone Group, recently discussed investment opportunities at a meeting in Dubai. Scharzman is a billionaire private equity financer and former


Dubai fund, Blackstone eye UK media group

A Dubai sovereign wealth fund has teamed up with private equity group Blackstone and others in a bid to buy British media group Informa, the Financial Times said on Wednesday. A consortium of private equity groups Providence Equity Partner

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