Key Takeaways
- • Blackstone Credit & Insurance funds, alongside leading Canadian institutional investors, agreed to invest $3.1 billion for a 49.9% non-controlling interest in a Mitsubishi Corporation (MC) subsidiary.
- • The subsidiary holds MC's interest in the LNG Canada liquefaction business, according to Blackstone's announcement via Business Wire.
- • Canada Pension Plan Investment Board (CPP Investments) is part of the Blackstone-led investor group, investing through wholly owned subsidiaries.
Summary
Blackstone announced that funds managed by Blackstone Credit & Insurance, in partnership with leading Canadian institutional investors, have agreed to invest $3.1 billion to acquire a 49.9% non-controlling interest in a subsidiary of Mitsubishi Corporation ("MC"). The subsidiary holds MC's interest in the LNG Canada liquefaction business.
The Blackstone-led investor group includes Canada Pension Plan Investment Board (CPP Investments), which is investing through wholly owned subsidiaries. The available source material for this announcement is limited, so additional terms, closing conditions, and timing details are not covered here.
The Blackstone-led investor group includes Canada Pension Plan Investment Board (CPP Investments), which is investing through wholly owned subsidiaries. The available source material for this announcement is limited, so additional terms, closing conditions, and timing details are not covered here.
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