Apollo Blackstone and KKR Bid for Shell LNG Canada Stake
Apollo, Blackstone, and KKR are competing for a stake in Shell's LNG Canada project. The deal could reach 15 billion dollars as Shell seeks to raise capital.
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APOLLO GLOBAL MANAGEMENT INC, BLACKSTONE INC, and KKR & CO INC are bidding for a $15B stake in Canada’s LNG project. SHELL PLC is auctioning part of its 40% interest following a $16.4B acquisition of ARC RESOURCES LTD. The deal offers investors direct exposure to Pacific gas exports as United States-IRAN tensions disrupt Middle Eastern supply.
