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Taubman Completes Sale of Interest in CityOn.Xi’an to Blackstone

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today announced the completion of the sale of 50 percent of Taubman Asia’s interest in CityOn.Xi’an (Xi’an, China) to real estate funds managed by Blackstone Group Inc. (Blackstone) for $91 million.