Report

Blackstone-led group agrees to buy part of Mitsubishi's LNG Canada stake

Mitsubishi holds 15% of the project and seeks to boost capital efficiency while funding an expansion.

Blackstone Leads $3.1 Billion Acquisition of LNG Canada Stake From Mitsubishi

TLDR

The Blackstone-led group's purchase reportedly covers 49.9% of the LNG Canada liquefaction business owned by a Mitsubishi subsidiary. Canadian pension funds are among the buyers. Reports differ on price: one puts the acquisition at $3.1 billion, while another puts Mitsubishi's sale at about $1.6 billion.

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