Private Equity Nears Final Bids for Fuji Property
Blackstone and other global investors prepare final bids for Fuji Media property unit Sankei Building. The deal could value the unit at around one trillion yen in a major Japanese real estate takeover.
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Blackstone and rival private equity firms are preparing final bids to acquire the property unit of Fuji Media Holdings Inc in a transaction valued at 1 trillion yen ($6.3B). The potential divestment follows pressure from activist investors seeking to streamline operations and unwind cross-holdings. A full sale would mark one of Japan's largest-ever real estate takeovers.
