(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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.