Blackstone to invest $3.10 billion for 49.9% interest in Mitsubishi LNG Canada subsidiary
BX•Blackstone and Canadian institutional investors will invest $3.10 billion for a 49.9% interest in Mitsubishi Corporation’s LNG Canada subsidiary. Mitsubishi will remain the controlling partner and retain full LNG offtake.
1. Investment terms
Blackstone and Canadian institutional investors, including CPP Investments, OMERS, IMCO and PSP Investments, will invest $3.10 billion for a 49.9% interest in Mitsubishi LNG Canada subsidiary. Mitsubishi Corporation will remain the controlling partner and retain full LNG offtake.
