Blackstone Said to Buy $858 Million of Spain Property Loans

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Run by billionaire Stephen Schwarzman, Blackstone has become the largest private equity real estate investor, more than tripling its money in Hilton Worldwide Holdings Inc.

Photographer: Michael Nagle/Bloomberg

Blackstone Group LP is buying a portfolio of bad loans with a nominal value of 790 million euros ($858 million) from Spanish lender CaixaBank SA, according to two people with knowledge of the matter.

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