September 16, 2019 / 1:10 AM / in a month

Dream Global REIT to be bought by Blackstone funds in $4.7 bln deal

Sept 15 (Reuters) - Dream Global Real Estate Investment Trust said on Sunday it is to be bought by funds managed by Blackstone Group Inc in a C$6.2 billion ($4.69 billion) deal.

Blackstone will pay C$16.79 in cash for each Dream Global unit to acquire all of the office and industrial property manager’s subsidiaries and assets, according to a statement from Dream Global. ($1 = 1.3220 Canadian dollars) (Reporting by Ismail Shakil in Bengaluru; Editing by Muralikumar Anantharaman)

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