Deals
Blackstone Gains $5 Billion on Cheniere LNG Stake
- Deal values stake of Cheniere Energy Partners at $7 Billion
- Energy-focused private equity fund bought LNG stake in 2012
Photographer: Eddie Seal/Bloomberg
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Blackstone Group Inc. will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the U.S.
The firm’s private equity business is unloading its stake of just over 40% of Cheniere Energy Partners LP to Brookfield Asset Management Inc. and its own affiliated infrastructure group, according to a filing Monday.