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International Business Times
International Business Times
Business
Vidhya Ck

Blackstone In Advanced Discussions To Buy Shopping Center Owner Retail Opportunity: Report

If the discussions are successful, a deal could reportedly be finalized in the coming weeks. (Credit: Pexels.com/Alesia Kozik)

Blackstone is in advanced negotiations to acquire Retail Opportunity Investments Corp., a company that owns shopping centers across the United States and has a market valuation of $3.4 billion, including its debt, according to a report.

If the discussions are successful, a deal may be concluded in the next few weeks, Reuters reported, citing people familiar with the matter.

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