Blackstone banks €1bn in two weeks

Blackstone, a US-based private equity firm, has taken more than €1bn from its German portfolio companies in 14 days.

It will take around half the €320m ($416.2m) of its original €425m investment in Kabel Baden-Wuerttemberg with CDP Capital, the fund management arm of Canada's Caisse de dépôt et placement du Québec.

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