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Blackstone to Sell GGP Shares

Blackstone to Sell GGP Shares

The Blackstone Group plans to sell its stake in mall REIT General Growth Properties, after investing in the firm when it was in bankruptcy in 2010, Bloomberg reports. The private equity firm plans to sell all of its 23.4 million shares in a secondary offering.

GGP won't get any money from the transaction.

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