Blackstone-Led Group to Invest $3.1 Billion in Mitsubishi’s LNG Canada Interest
The investor group will acquire a 49.9% noncontrolling interest. Mitsubishi will remain the controlling partner, according to the available wire text.
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07:18:09 AM UTC
SquawkNews
Mitsubishi to sell down LNG Canada stake to Blackstone funds for $1.6 billion TOKYO, Nov 2 (Reuters)
07:18:16 AM UTC
SquawkNews
Japanese trading house Mitsubishi Corp TSE:8058 said on Monday it will sell a 49.9% interest in a holding company that owns its stake in the LNG Canada project to funds managed by Blackstone Credit & Insurance, a unit of Blackstone NYSE:BX, for about $1.6 billion.The holding company owns a 15% stak…
(06:32 GMT) *Blackstone, Leading Canadian Institutional Investors Announce $3.1B Investment in Mitsubishi Corp.'s Interest in LNG Canada >BX (06:33 GMT) *Blackstone Investor Group to Acquire 49.9% Noncontrolling Interest >BX (06:34 GMT) *Mitsubishi Corp. to Remain Controlling Partner, Retain Full S…