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Blackstone to prepare IPO of Spain’s Hotel Investment Partners

Blackstone (BX) is preparing an initial public offering for Spain’s Hotel Investment Partners, Cinco Dias reported, citing unnamed sources, with a target of late October or early November.

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Private equity investor Blackstone NYSE:BX is preparing an initial public offering for Spain's Hotel Investment Partners by late October or early November, newspaper Cinco Dias reported on Wednesday, citing unnamed sources close to the process.($1 = 0.8646 euros)