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

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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.

 

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