Brookfield in talks to buy Blackstone's stake in LNG operator Cheniere

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 80%

Canada Headlines News

Canada Latest News,Canada Headlines

Blackstone\u0027s stake is worth about US$7.8 billion

Cheniere Energy Partners’ units rose as much as 5.7 per cent Tuesday. They were up 2.1 per cent to US$38.64 at 2:37 p.m. in New York, giving the company a market value of about US$18.7 billion.

Cheniere Energy Partners, a limited partnership created by Cheniere Energy Inc., owns the first major liquefied natural gas export terminal in the U.S.The private equity firm owned 41.2 per cent of the company as of June 30 while Cheniere Energy Inc. owned 48.6 per cent, according to a regulatory filing this month.

Blackstone had been seeking a premium for its stake and had begun marketing it to a small number of infrastructure, pension and sovereign wealth funds, Bloomberg News reported last summer. Brookfield Asset Management, based in Toronto, is one of world’s largest alternative asset manages multiple billions of dollars across asset classes including real estate, energy and infrastructure.


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

B.C. buys $8 million ranch for First Nation near Williams LakeKevin Boon, general manager of B.C. Cattlemen\u0027s Association, said his group backed the deal. It’s a Win! Very cool to hear, I support this 100%! Now, are we square? Because I don't want to hear about reconciliation or unceded lands ever again. $8M of taxpayer money is a nice gift along with the first year losses covered and free experienced training...I hope BC Government left the door open should they need anything else...
Source: VancouverSun - 🏆 49. / 61 Read more »

Hong Kong residents buy newspaper to support free pressLong lines of people bought up copies of the Apple Daily paper at Hong Kong newsstands Tuesday to support a free press in the semi-autonomous Chinese territory. Is their media as corrupt as ours?
Source: CTVNews - 🏆 1. / 99 Read more »

Italian cruise ships to sail again in high-stakes gambleItaly's cruise industry is preparing to sail again in Mediterranean waters, hoping to help jumpstart the country's economy while restoring the reputation of the beleaguered global sector. What for? To bring the population a second and worse outbreak? This sounds like a great idea... Stupid, smh.
Source: CTVNews - 🏆 1. / 99 Read more »

Mnuchin sees possible coronavirus aid deal, but no talks set with CongressWith negotiations at a standstill, it was unclear whether Democrats and Republicans would be able to bridge their differences to provide relief to workers, businesses and local governments that have been devastated by the pandemic
Source: globeandmail - 🏆 5. / 92 Read more »

Oilers say they're working with service provider to fix issues resulting from Friday's 50/50 salesThe Edmonton Oilers said their servers were “overwhelmed” with requests to buy 50/50 tickets on Friday, causing location errors for some customers, and duplicate orders for others. Emailed and still patiently waiting for my $20 in tickets 😂 Can’t run a hockey team can’t run a raffle lol
Source: CTVNews - 🏆 1. / 99 Read more »