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Blackstone's Gray sees scope for Italian deals despite political strife

Blackstone's Gray sees scope for Italian deals despite political strife
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NEWYORK (Reuters) – Alternative asset manager Blackstone Group LP <BX.N> is still open to doing deals in Italy despite political turmoil in the euro zone country, President and Chief Operating Officer Jon Gray said on Wednesday.

“Sure,” Gray said at a conference organised by Deutsche Bank, when asked if the firm would be buy Italian assets right now. “It’s a function of price.”

In January, Blackstone agreed to buy a majority stake in the Financial and Risk business of Thomson Reuters Corp <TRI.N>, <TRI.TO>, the parent company of Reuters News, in a $20 billion (15 billion pound) deal. Reuters News will remain part of Thomson Reuters.

(Reporting by Joshua Franklin in New York; Editing by Cynthia Osterman)

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