Canada - August 12
BX•H&R REIT agrees to C$6.7 billion breakup transaction
Canada's H&R Real Estate Investment Trust said it had agreed to a C$6.7 billion ($4.81 billion) breakup transaction, under which GO Residential REIT will acquire its U.S. residential portfolio and a group including Blackstone, PSP Investments, Crestpoint and entities tied to Chief Executive Tom Hofstedter will buy other assets.
Canada trade negotiator warns tariffs could halt talks
Canada’s top trade negotiator Janice Charette has warned her American counterparts that if the White House imposes new tariffs on August 19, the move would represent a “cliff” that risks halting negotiations with the U.S.
Air Canada sells Aeroplan stake to Blackstone and pension funds
Air Canada is selling a 25% stake in its Aeroplan loyalty program for C$2.5 billion ($1.79 billion) to Blackstone Inc. and a group of Canadian pension funds, bolstering the airline’s balance sheet by allowing it to pay down debt.
