Blackstone Group nearing deal to buy Japan's Croesus Retail Trust: reports

[SINGAPORE] Private equity firm Blackstone Group is in the process of buying Singapore-listed Croesus Retail Trust, which operates retail properties in Japan, Dow Jones has reported citing sources.

Croesus Retail requested for a trading halt on Tuesday morning, according to a filing on the SGX. The company manages a portfolio worth about S$1.5 billion consisting mainly of shopping malls in places such as Osaka, Hatsukaichi City and Sobu-machi, sources said.

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