Mumbai | Blackstone Group sees buyout opportunities increasing as the coronavirus outbreak spooks financial markets and hurts company valuations across the world.
"From an economic perspective, the virus has created dislocation in the market and fear among the people, and once that starts one has to find the impact of negative consequences," Blackstone co-founder Stephen A. Schwarzman said in an interview in Mumbai on Wednesday. "It creates a substantial opportunity to buy assets and give credit."
