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Mutual Fund Center

Blackstone to buy Japan Residential for $450 mln including debt

TOKYO, Nov 13 U.S. asset manager Blackstone Group LP said on Friday it is acquiring Japan Residential Investment Company, which owns residential assets in Japan, in a deal worth about $450 million, including debt.

BRIEF-SABMiller says Philip Hodges will not take up his position as Group Director

* Role of Director of Integrated Supply and Human Resources would be split into two new positions on SABMiller's executive committee

UPDATE 1-Britain sells $20 bln book of ex-Northern Rock loans to Cerberus

LONDON, Nov 13 Britain has sold 13 billion pounds ($19.8 billion) worth of loans once held by Northern Rock, a former mortgage lender whose demise heralded the start of the financial crisis in Britain, to private equity firm Cerberus.

Britain's 'bad bank' sells 13 bln stg portfolio to Cerberus Capital

Nov 13 Britain's 'bad bank', which is running down the loans of two bailed out lenders, said it had agreed to sell a 13 billion pound ($19.78 billion) asset portfolio to affiliates of Cerberus Capital Management LP.

RPT-Britain sells $20 bln book of ex-Northern Rock loans to Cerberus

LONDON, Nov 13 Britain has sold 13 billion pounds ($19.78 billion) worth of former Northern Rock loans to private equity firm Cerberus in what it called the largest ever financial asset sale by a European government.

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