Blackstone Poised to Buy Piramal Glass for $1 Billion
- The deal could be announced as soon as in coming weeks
- Blackstone seeking about $400 million loan to fund buyout
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Blackstone Group Inc. has agreed to acquire the glass unit of Indian conglomerate Piramal Enterprises Ltd. for about $1 billion, according to people with knowledge of the matter.
The transaction could be announced as soon as in the next few weeks, one of the people said, asking not to be identified as the details are private. The U.S. private equity giant is in talks with banks for about a $400 million, five-year loan to fund the deal, another person said.