The infrastructure arm of Brookfield Asset Management Inc. is in talks to buy Blackstone Group Inc.’s minority stake in Cheniere Energy Partners, Bloomberg News reported on Aug. 11, citing people familiar with the matter.
Cheniere Energy Partners is a limited partnership formed by Cheniere Energy Inc., the biggest LNG producer in the United States.
Brookfield Asset Management is working with a partner to buy Blackstone’s interest, Bloomberg said, adding no final decision has been made and the alternative asset manager could opt to not proceed.
Blackstone held 203.2 million shares, or about 58.3%, of Cheniere Energy Partners as of March 31, according to Refinitiv Eikon data.
Blackstone declined to comment and Brookfield did not immediately respond to Reuters' request for a comment.
Instead, Canada's Calfrac Well Services on Sept. 24 said it was sweetening its recapitalization plan to reduce debt.
Siemens is selling off the business, which has been hit by a collapse in demand and changing energy policies, to focus on smart buildings, mobility and factory automation.
Bids for a portfolio of Exxon Mobil’s British North Sea oil and gas fields, which is expected to fetch around $1 billion following this year’s oil price weakness, are due on Oct. 28, sources say.