Reuters
02 Nov 2026, 07:24 UTC · 2h ago
Mitsubishi to sell down LNG Canada stake to Blackstone funds for $1.6 billion
Impact · against what's priced in
Mitsubishi generates $1.6 billion in immediate liquidity through the sale of its LNG Canada stake, providing a modest boost to its capital flexibility. For Blackstone, the acquisition is a standard expansion of its energy infrastructure portfolio with negligible impact on overall valuation.
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- In context
The sale of a stake in LNG Canada for $1.6 billion provides a direct injection of liquidity and improves the company's capital allocation options.
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