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Market Rumors: Center Parcs, Altice, Sunrise

By Chelsea Naso ( January 27, 2015, 5:05 PM EST) -- Blackstone Group LP is looking to part ways with U.K. resort operator Center Parcs and has kicked off a dual-track process, The Wall Street Journal reported Tuesday, citing people familiar with the matter. Center Parcs, which Blackstone snapped up in 2006, could be valued at up to £2.5 billion ($3.8 billion) in an IPO or sale, the report said. After snapping up the resort operator, Blackstone poured more than £100 million to update its hotels, restaurants and stores. The company today has five forest and lake resort locations, each of which have about 400 acres....

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