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PRESS DIGEST-British Business - July 8

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

UPDATE 1-Blackstone eyes US$7.5bn for mezzanine debt

NEW YORK, July 7 (LPC) - Private equity firm Blackstone Group LP's credit arm GSO Capital Partners is seeking US$7.5bn for its fourth subordinated debt vehicle, according to investor notes from the Teachers’ Retirement System of Louisiana.

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