
Blackstone (BX.N) has pulled out of a potential $700 million investment in the Taipei 101 tower operator after the Taiwanese group declined to disclose certain financial details, two sources with direct knowledge of the situation told Reuters.
Taipei Financial Center Corp (TFCC), which operates the iconic Taipei 101 skyscraper, agreed to open its books in October to the U.S. private equity giant, which was looking to make its first investment in Taiwan.
Taipei 101 is the hottest spot for Chinese tourists visiting the island as it is among the world’s 10 tallest buildings with a shopping mall filled with luxury brands such as Louis Vuitton.
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