Blackstone has completed its acquisition of Bourne Leisure in a deal reportedly worth £3bn
The Times says the talks are at an advanced stage, with Bourne Leisure valued at £3bn.
Blackstone, whose shares were up 5.3% at $48.78 in early afternoon, posted a 16% rise in management and advisory fee revenue thanks to its continued fundraising
The private equity firm, which owns the NEC Group, is making investments in Las Vegas
The acquisition is valued at around £6bn, including debt
The NEC Group has plans to transform the NEC campus into NEC city, featuring a hotel, residential area and more