Blackstone, Canadian Investors Agree to $3.1 Billion LNG Canada Investment
Blackstone-managed funds and Canadian institutional investors agreed to acquire a 49.9% non-controlling interest in a Mitsubishi Corporation subsidiary that holds its interest in LNG Canada.
Story updates
06:30:45 AM UTC
SquawkNews
Blackstone Credit & Insurance and Canadian institutions will invest $3.1B to acquire a 49.9% non-controlling interest in a Mitsubishi Corporation subsidiary holding MC’s LNG Canada stake. MC remains controlling and retains full LNG offtake.Material DetailsContext by AI AnalystThis is a mid-cycle co…
Blackstone today announced that funds managed by Blackstone Credit & Insurance, in partnership with leading Canadian institutional investors, have agreed to invest $3.1 billion to acquire a 49.9% non-controlling interest in a Mitsubishi Corporation (“MC”) subsidiary that holds MC’s interest in the…