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Carlyle mulls Middle East office
- Middle East: Wednesday, October 14 - 2009 at 15:09
Stephen Schwarzman, CEO of Blackstone Group, the world's largest private equity firm, said the company is considering an office in the Middle East, Bloomberg has reported. Speaking at a private equity conference in Dubai, Schwarzman said the worst is over for the buyout industry, adding, 'after virtually no realizations over the last year, we're seeing the beginnings of realizations through sales and equity offerings'. He declined to be more specific about the timing or location of a Middle East office.
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StaffWednesday, October 14 - 2009 at 15:09 UAE local time (GMT+4)
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