Blackstone Group Inc is considering selling its stake in LNG producer Cheniere Energy Inc’s limited partnership seven years after investing about $1.5 billion, Bloomberg reported on Monday, citing people familiar with the matter.
The private equity firm is marketing its stake in Cheniere Energy Partners LP to a small number of infrastructure, pension and sovereign wealth funds, according to the report.
Blackstone held about 201 million shares, or about 58%, of Cheniere Energy Partners as of March 31, according to Refinitiv Eikon data.
Based on Friday’s close, the stake would be worth about $8.7 billion.
Shares of Cheniere Energy Partners were up about 1.6% in afternoon trading.
Blackstone declined to comment, while Cheniere Energy Partners LP did not immediately respond to Reuters request for comment.
Source: Reuters.com