Blackstone given all-clear to buy Multi Corporation

The document filed on the Official Journal of the European Union states that the Commission received notification that Blackstone intended to "acquire control of the whole of Multi Corporation by way of purchase of membership interests". The document then went on to state that the European Commission "has decided not to oppose the notified operation".

The firm recently purchased the majority of Multi Corp's €900m debt. However, media outlets have reported that Blackstone's purchase of Multi Corp's debt is not due to Multi Corp breaching any of its bank covenants.

Multi Corporation, headquartered in Gouda, is a developer of commercial real estate in Europe. The company develops and manages shopping centres, or malls, as well as offices and inner-city regeneration projects. Multi Corp holds real estate across 14 countries, including Turkey, Germany, France, Spain, Italy, Switzerland and Poland. The company was founded in 1982 and currently employs more than 600 staff.

Blackstone declined to comment on its possible plans to acquire Multi Corp.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Benelux
• Real estate
• Blackstone Group
• Netherlands