Mitsubishi to Sell Down LNG Canada Stake to Blackstone Funds for $1.6 Billion

Mitsubishi to sell down LNG Canada stake to Blackstone funds for $1.6 billion

TOKYO, Nov 2 : Japanese trading house Mitsubishi Corp said on Monday it will sell a 49.9 per cent 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, for about $1.6 billion.The holding company owns a 15 per cent s

Blackstone-Led Group Agrees to Buy 49.9% Stake in LNG Canada’s Liquefaction Business

The deal is valued at $3.1 billion. LNG Canada’s approved second phase is expected to double annual production capacity.

Blackstone Leads $3.1 Billion Deal to Acquire LNG Canada Stake

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