Private equity firm Blackstone Inc (BX.N) is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, three sources said. Blackstone is in final negotiations with Seoul-headquartered MBK about the sale and signing of the deal could happen soon, said one of the sources, who all declined to be named as the information is confidential.
Read the full article: Blackstone Nears Deal to Sell S.Korean Pharma Wholesaler to MBK Partners, Sources Say //
Source: https://www.reuters.com/markets/deals/blackstone-nears-deal-sell-skorean-pharma-wholesaler-mbk-partners-sources-say-2024-04-19/