Blackstone weighs Cheniere Energy Partners stake sale: Bloomberg By Reuters

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© Reuters. The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange


© Reuters. The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange

(Reuters) – Blackstone Group Inc (N:) is considering selling its stake in LNG producer Cheniere Energy Inc’s (A:) 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 (A:) to a small number of infrastructure, pension and sovereign wealth funds, according to the report. (https://bloom.bg/2LCbNok)

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.

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