Blackstone Wants Board Seats After French REIT Buy-In

Law360, New York (February 6, 2014, 2:07 PM EST) -- New York investment giant Blackstone Group LP and a Canadian property manager want a voice on the board of Gecina SA after picking up a shared 22.98 percent stake in the French real estate investment trust last week, according to a Thursday filing.

Gecina told French securities regulators that Eliseo Finance Sarl, a vehicle backed by Blackstone and Ivanhoe Cambridge, has filed a statement of intent to seek board representation proportionate to its substantial holding in the company.

The REIT did not elaborate in its brief...
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