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(From The Lawyer)
Gleiss Lutz advised longstanding client Blackstone on its first investment in a government-controlled company.
The US private equity group was selected by the German government as the preferred bidder for a 4.5 per cent, E2.68bn (GBP1.5bn) stake in Deutsche Telekom.
Blackstone established a new company, Green Park 1 Acquisition, for the acquisition, which gives the group a seat on the Deutsche Telekom board.
The private equity group bought its holding from KfW Bank, the German development bank, and it makes Blackstone the third-largest shareholder in Deutsche Telekom after KfW Bank and the German government. It is not known how Blackstone will finance the acquisition.
Partners Christian Cascante and Jan Bauer led the Gleiss ...