March 11, 2013

Update from Blackstone and Ivanhoé Cambridge

Blackstone and Ivanhoé Cambridge, acting in concert, announce that they hold, indirectly through jointly-held affiliates, a 64.7% interest in those loans made to the Borrowers.

Update from Blackstone and Ivanhoé Cambridge

Pursuant to a credit facility agreement originally entered into on May 7 2006, a group of institutions (the “Lenders”) granted loans to the Spanish companies Alteco Gestion y Promocion de Marcas, S.L and Mag-Import, S.L (the “Borrowers”), secured against the Gecina shares which the Borrowers own.

Blackstone and Ivanhoé Cambridge, acting in concert, announce that they hold, indirectly through jointly-held affiliates, a 64.7% interest in those loans made to the Borrowers.

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Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-focused funds and closed-end funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow us on Twitter @blackstone.


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