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Blackstone to buy 32% stake in Carnegie

  Bloomberg Blackstone Group LP agreed to buy a 32 percent stake in Swedish residential landlord D. Carnegie & Co. AB from three of the company’s biggest shareholders. Blackstone, through its subsidiary Vega Holdco Sarl, will acquire the shares in the Stockholm-based company for 100 Swedish kronor ($11.8) each, Blackstone said in a statement this week. This will give the ...

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Canam Group drops on unexpected plan cost

  Bloomberg Canam Group Inc. fell the most in 20 months after the Canadian construction company announced an extra C$32 million ($25 million) expense due to revised cost estimates for one of its projects. Canam, builder of the retractable roof for the Arthur Ashe Stadium in New York, plunged as much as 12 percent, the most since October 2014, to ...

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Billionaire’s small buildings making big money in NY

  Bloomberg Axel Stawski is not the kind of real estate mogul who boasts about the size of his towers. The developer owns six Manhattan office buildings, one of the largest being 565 Fifth Ave., a 380,000-square-foot (35,000-square meter) property completed in 1993 on the corner of 46th Street. At 30 stories, it’s not one of New York’s tallest skyscrapers. ...

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