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UPDATE 1-Blackstone close to 800 mln pound deal to buy British live events business NEC Group -Sky News

Thu, 11th Oct 2018 18:46

(Adds that Blackstone declined to comment)

Oct 11 (Reuters) - Blackstone Group is nearing a deal to buy British live events business NEC Group, and has agreed to pay just over 800 million pounds ($1.06 billion) for the business, Sky News reported on Thursday.

Blackstone could strike a deal for the Birmingham-based group as soon as Friday, Sky News reported. NEC owns Birmingham's National Exhibition Centre, Britain's largest exhibition venue.

Blackstone declined to comment. NEC Group did not immediately respond to requests for comment.

($1 = 0.7559 pounds) (Reporting by Gaurika Juneja in Bengaluru; Editing by Susan Fenton)

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