Not really. But you can place pages from this file into a new one. The script at InDesignSecrets » Blog Archive » Zanelli Releases MultiPageImporter for Importing both PDF and INDD Files allows you to place either PDF or the original .indd pages and scale them at the same time. In this case I would use PDF as I've seen some cases where reducing the size with .indd causes the type to go smaller than the built-in kerning tables resulting in text reflow and you want a fairly large size reduction.
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