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Reply #53: BofA in talks to sell Merrill’s property assets [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-20-11 07:36 AM
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53.  BofA in talks to sell Merrill’s property assets

Bank of America is in exclusive talks to sell the bulk of Merrill Lynch’s boom-time real estate investments to Blackstone for up to $1bn, as the largest US bank by assets tries to clear up its balance sheet and bolster capital ratios

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http://link.ft.com/r/H60H77/160RLN/K91WR/720C9A/R3P7S6/CM/t?a1=2011&a2=8&a3=16
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