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Blackstone (BX) is set to announce the sale of its troubled German plastics firm, Kloeckner...
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Thursday, June 21, 2012, 7:07 AM ETBlackstone (BX) is set to announce the sale of its troubled German plastics firm, Kloeckner Pentaplast, to a group headed by hedge fund SVP, according to sources. Senior lenders will, for the moment, see no losses, but Blackstone remaining equity stake ($127M) will be erased. (previous)
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