Blackstone to buy U.S. mall stakes from UBS in $1.1 billion deal

, Bloomberg

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Blackstone Groupmagreed to buy a majority stake in 40 U.S. shopping centers from UBS AB property funds in a deal valued at about $1.1 billion, as it expands its retail holdings. UBS's joint-venture partner on the properties will increase its ownership to 33 percent .

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