Blackstone nears deal to sell S Korean pharma wholesaler to MBK Partners

Blackstone nears deal to sell S Korean pharma wholesaler to MBK Partners

FILE PHOTO: Signage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly

Private equity firm Blackstone Inc is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, three sources said.