The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange, April 4, 2016. /Reuters
U.S. private equity giant Blackstone has abandoned its $3.05 billion bid to take full control of SOHO China Ltd., the office developer said in an exchange filing on Friday.
The U.S. private equity giant's investment vehicle in the deal, Two Cities Master Holdings II, had decided not to make the offer, the filing said.
The U.S. private equity firm in June offered HK$5 per share, 31.6 percent higher than SOHO China's closing price at the time, in what would have been its largest real estate deal in China.
The companies gave no details of the reasons for the deal falling through.
(With input from Reuters)
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