Blackstone Is Taking A Break From Russia - Dealbreaker

Blackstone Is Taking A Break From Russia

Author:
Updated:
Original:

Well, not so much a break as a permanent hiatus from repeatedly banging its head against an increasingly hard wall.

Blackstone, which does not have an office in Russia, has chosen not to renew the contracts of the consultants it employs in the country.

According to a person with knowledge of the matter, the move will bring to an end Blackstone's embryonic attempts to break into Russia….

Blackstone's decision was also prompted by the fact that it had not found suitable investment opportunities in the past three years, the person said. "In the good times, Blackstone couldn't find anything to do and in the bad times, Blackstone can't imagine doing anything."

Blackstone to pull out of Russia [CNBC]

Related

By Carl Lender from Sunrise, USA (Real Estate) [CC BY 2.0], via Wikimedia Commons

Blackstone’s Not Saying There’s A Recession Right Around The Corner

But they’ll have the money to buy your office building/warehouse/retail location if it happens.

Staying True To Form, Russia Will Not Retreat From The IMF

Let’s hope Christine Lagarde doesn’t need ALL of her office.

Blackstone Taking Advanced Reservations For The Steve Schwarzman Suite At The Cosmopolitan

Blackstone is going to turn the Cosmopolitan around if it has to offer a deluxe package that includes Steve as pillow-fluffing butler.

By Thomas Wolf (Der Wolf im Wald) (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Blackstone Buying All The European Office Space Because Brexit

Those leaving London have to go somewhere, and wherever it is, Blackstone will own it.