Blackstone takes control of Korean industrial cutting tools manufacturer

Blackstone takes control of Korean industrial cutting tools manufacturer

FILE PHOTO: Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo

Wall Street’s $1-trillion giant Blackstone has acquired a majority stake in JJ Tools, a Korean producer of industrial cutting tools, as the group continues to be active in dealmaking in the North Asian country this year.

Edited by: Joymitra Rai