US private equity firm Blackstone has agreed to acquire Australia's Valad Property Group in a deal which values the company at A$208 mln (EUR 152 mln). In a statement on Friday, Valad said it has been offered A$1.80 in cash per security, representing a premium of 56% over the closing price on April 27, the last trading day prior to the announcement.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
