* Acquires 160 mln euros with Quebec pension fund-paper
* Seen raising likelihood of taking equity stake
* Blackstone, Gecina unavailable for comment
PARIS, March 11 Investment group Blackstone
has increased its holdings of Gecina's debt,
French newspaper Les Echos reported, potentially paving the way
to taking an equity stake in the French real estate group.
Gecina has been under the spotlight since two Spanish
investment companies - Alteco and MAG Import - owning 31 percent
of the real estate company filed for bankruptcy in October.
Blackstone has bought 160 million euros ($207.7 million) in
Gecina bank loans in partnership with Quebec's public pension
fund, the report said, citing unnamed sources. The funds own
around 1 billion euros out of 1.6 billion in outstanding debt,
it said, raising the chances they will convert some into shares.
Blackstone and Gecina were not immediately available for