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Out the IndCor

3 December 2014 By Peter Thal Larsen

The buyout firm is offloading U.S. industrial property rollup IndCor to the Singaporean fund for $8.1 bln, a year after the two shook hands on a $2.8 bln London sale. Divergent investment goals could mean both sides prosper and that Blackstone exits through GIC’s door yet again.

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