Blackstone subsidiary walks away from SOHO China buyout

SOHO China

10/09/2021 11:35

Sept 10 (Reuters) - Blackstone Group Inc  BX.N  has
abandoned its $3 billion bid to take full control of SOHO China
Ltd  0410.HK , the office developer said in a filing on Friday.
    The U.S. private equity giant's investment vehicle in the
deal, Two Cities Master Holdings II, had decided not to make the
offer, the filing said. 
    The U.S. private equity firm in June offered HK$5 per share,
31.6% higher than SOHO China's closing price at the time, in
what would have been its largest real estate deal in China.
    The companies gave no details on the reasons for the deal's
falling through. 

 (Reporting by Patrick Graham; Editing by Anil D'Silva)
 ((patrick.graham@thomsonreuters.com; +44 207 542 9429; Reuters
Messaging: patrick.graham.thomsonreuters.com@reuters.net))