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Blackstone Said Selling $558 Million of Properties to Anbang

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Blackstone Group LP is selling more than 500 million euros ($558 million) of office properties in the Netherlands to a unit of Anbang Insurance Group Co., according to a person with knowledge of the deal.

The Chinese owner of New York’s Waldorf Astoria hotel will acquire the properties through its Vivat NV unit, the person said, asking not to be named as the details are private. Blackstone and Vivat declined to comment.