Blackstone Closes $7B Cheniere Deal Guided By Latham
Law360 (September 24, 2020, 10:25 PM EDT) -- Blackstone Energy Partners said Thursday it closed the sale of its 42% stake in a Cheniere Energy Inc. subsidiary to Brookfield Infrastructure and funds managed by Blackstone Infrastructure Partners in a $7 billion deal guided by Latham & Watkins LLP and Simpson Thacher & Bartlett LLP.
The sale ends BEP's eight-year relationship with the Houston-based energy company that goes back to 2012 when Blackstone Management Partners LLC's energy-focused private equity business and its affiliates invested $1.5 billion in Cheniere Energy Partners LP to build the first two liquefaction trains at the Sabine Pass liquefied natural gas export facility in Cameron Parish,...
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