Energy · 8 views
Blackstone-Led Investors Buy into LNG Canada for $3.1 Billion
What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… Blackstone funds and Canadian institutional investors have…
AI Summary
Blackstone funds and a group of Canadian institutional investors have agreed to purchase a 49.9% non‑controlling interest in a Mitsubishi Corporation unit that holds the Japanese firm’s 15% stake in the LNG Canada export project. The transaction totals $3.1 billion and was announced on Monday. The purchase gives the investors a near‑half share of the Mitsubishi‑held portion of LNG Canada, while the original owners retain control of the project.
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