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New Deal


Announced

Completed

Brookfield and Blackstone Infrastructure completed the acquisition of a 42% stake in Cheniere from Blackstone for $7bn.

Financials

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Transaction Value£5,347m
Consideration TypeCash
Capital Owned-
Capital Bid For42%
EV/Sales4.8x
EV/EBITDA6.84x
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

natural gas

Acquisition

Friendly

United States

Single Bidder

Private Equity

Minority

Public

Completed

Cross Border

Synopsis

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Brookfield Asset Management and Blackstone Infrastructure Partners completed the acquisition of a 42% stake in Cheniere Energy, a liquefied natural gas company, from Blackstone for $7bn. “Cheniere is grateful for the collaborative and mutually beneficial partnership we have had with Blackstone Energy Partners over the past eight years. Today, Sabine Pass is a world-scale LNG complex, providing flexible, reliable, and cost competitive U.S. LNG to markets worldwide, and I would like to thank David Foley and the Blackstone team for their contributions to Cheniere’s many successes. We still have much to accomplish at Cheniere, and I look forward to working alongside Blackstone Infrastructure Partners and Brookfield Infrastructure Management to achieve our shared goals,” Jack Fusco, Cheniere Chief Executive Officer.

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