Last €27.52 EUR
Change Today -0.50 / -1.79%
Volume 0.0
BBN On Other Exchanges
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As of 3:00 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

blackstone group lp/the (BBN) Snapshot

Open
€27.73
Previous Close
€28.02
Day High
€27.82
Day Low
€27.52
52 Week High
12/19/14 - €28.15
52 Week Low
05/7/14 - €19.91
Market Cap
31.9B
Average Volume 10 Days
1.3K
EPS TTM
--
Shares Outstanding
520.5M
EX-Date
10/23/14
P/E TM
--
Dividend
€1.71
Dividend Yield
5.15%
Current Stock Chart for BLACKSTONE GROUP LP/THE (BBN)

blackstone group lp/the (BBN) Details

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios. It launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The Blackstone Group L.P. was founded in 1985 and is based in New York, New York.

2,010 Employees
Last Reported Date: 02/28/14
Founded in 1985

blackstone group lp/the (BBN) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $350.0K
President, Chief Operations Officer, Director...
Total Annual Compensation: $34.8M
Chief Financial Officer and Senior Managing D...
Total Annual Compensation: $7.6M
Vice Chairman, Vice President and Director of...
Total Annual Compensation: $11.4M
Chief Legal Officer and Senior Managing Direc...
Total Annual Compensation: $4.6M
Compensation as of Fiscal Year 2013.

blackstone group lp/the (BBN) Key Developments

Blackstone Group Reportedly Buys IT Special Economic Zone

The Blackstone Group L.P. (NYSE:BX) acquired 1.5 million square feet IT special economic zone land from Three C Universal Developers Pvt Ltd. for INR 6.25 billion, two people with direct knowledge of the development said. Blackstone spokesperson declined comment. There was no response from Three C.

Adani And JSW Reportedly In Talks To Acquire Plant

Adani Power Limited (BSE:533096) and JSW Energy Limited (BSE:533148) intends to acquire 1050 MW plant in Odisha. JSW Energy is in talks to acquire the plant from which The Blackstone Group L.P. (NYSE:BX) intends to exit. Adani Power is also said to be in talks to give Blackstone an exit from Monnet unit, sources with direct involvement share. JSW Energy's spokesperson said, "JSW Energy Limited continues to evaluate various opportunities as part of its growth strategy. However, we are not in any conclusive discussions for any particular project." Adani Power did not respond to ET Now's query.

Lafarge And Holcim Receives Bid Approach For Its Assets

Lafarge S.A. (ENXTPA:LG) and Holcim Ltd. (SWX:HOLN) are planning to sell €6 billion worth of assets. The three groups expected to hand in binding bids by a mid January 2014 are CRH Medical Corporation (TSX:CRH), The Blackstone Group L.P. (NYSE:BX), Cinven and Canada Pension Plan Investment Board, a team consisting of CVC Limited (ASX:CVC) and sovereign wealth funds Abu Dhabi Investment Authority and GIC Pte. Ltd. Lafarge and Holcim will sell overlapping assets worth 12% of combined revenues to secure European Union antitrust approval for their merger earlier this week. Holcim said in November 2014 that it has more than 60 tentative bids from industry interests and private equity firms for the assets. Italcementi SpA (BIT:IT) and Sabanci Cimento Group are interested only in some of the assets, the sources said. "The seller is likely to prefer a sale of the complete bundle to one buyer, as a divestment in pieces bears the risk of being left with unattractive, unsellable parts," one of the sources said. HeidelbergCement AG (DB:HEI) and CEMEX, S.A.B. de C.V. (NYSE:CX) said that they are not interested in the assets. BC Partners, Advent International Corporation and Temasek Capital Management Pte Ltd as well as Bain Capital Ltd and Onex Corporation (TSX:OCX) have also shelved their preparatory work, sources familiar with the deal said. A Lafarge spokeswoman said: "The sales process is progressing well. Holcim and Lafarge have established a clear process for their divestments and we expect final bids early 2015." Onex, Sabanci and GIC were not immediately available for comment. The other companies and investors declined to comment.

 

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Industry Analysis

BBN

Industry Average

Valuation BBN Industry Range
Price/Earnings 12.6x
Price/Sales 2.6x
Price/Book 3.0x
Price/Cash Flow 24.0x
TEV/Sales 2.6x
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