Blackstone invests 3.1 billion in LNG Canada
Blackstone and Canadian pension funds are investing 3.1 billion dollars to acquire a stake in Mitsubishi Corporation s holding company for the LNG Canada export project. The deal will help fund the phase 2 expansion and is expected to close this November.
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BLACKSTONE INC and a group of Canadian pension funds will invest $3.1B to acquire a 49.9% stake in MITSUBISHI CORP's LNG holding company. The deal funds the expansion of a major export facility in Canada, the companies said on Monday morning.
