Brookfield Infrastructure Partners L.P. and Blackstone Infrastructure Partners, L.P. managed by The Blackstone Group Inc. (NYSE:BX) completed the acquisition of 41.1% stake in Cheniere Energy Partners, L.P. from Blackstone Energy Partners L.P. managed by The Blackstone Group Inc. (NYSE:BX) for $7 billion.
September 24, 2020
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Brookfield Infrastructure Partners L.P. (NYSE:BIP) and Blackstone Infrastructure Partners, L.P. managed by The Blackstone Group Inc. (NYSE:BX) agreed to acquire 41.1% stake in Cheniere Energy Partners, L.P. (AMEX:CQP) from Blackstone Energy Partners L.P. managed by The Blackstone Group Inc. (NYSE:BX) on August 22, 2020. The transaction is subject to certain regulatory and other approvals and is expected to close by the end of the third quarter of 2020. David Allinson, David Beller, Charlie Carpenter, Lauren Anderson, Warren Lilien, Chirag Dedania, John-Patrick Sweny, Lisa Watts, Matthew Dewitz, Les Carnegie, Brian Miller, Patrick Nevins, Tyler Brown and David Langer of Latham & Watkins LLP acted as legal advisors to Blackstone Energy Partners L.P. managed by The Blackstone Group Inc. Rothschild & Co acted as financial advisor to Blackstone Infrastructure Partners. Sean Thomas Wheeler, P.C., Cephas Sekhar, Jack Shirley, Key Hemyari and Tori Newton of Kirkland & Ellis acted as legal advisors to Brookfield Infrastructure Partners. Jefferies LLC and Morgan Stanley (NYSE:MS) acted as financial advisors to Blackstone Energy Partners L.P. Breen Haire, Ravi Purohit, Chris Brown, Drew Purcell, Jennifer Nadborny, James Rapp, Brian Robbins, Greg Grogan, Jeanne Annarumma, Patricia Adams and Parker Kelsey of Simpson Thacher & Bartlett LLP acted as legal advisors to Blackstone Infrastructure Partners. Sullivan & Cromwell LLP acted as legal advisor for Cheniere. J.D. Weinberg of Covington & Burling LLP acted as legal advisor to Rothschild & Co.
Brookfield Infrastructure Partners L.P. (NYSE:BIP) and Blackstone Infrastructure Partners, L.P. managed by The Blackstone Group Inc. (NYSE:BX) completed the acquisition of 41.1% stake in Cheniere Energy Partners, L.P. (AMEX:CQP) from Blackstone Energy Partners L.P. managed by The Blackstone Group Inc. (NYSE:BX) for $7 billion on September 24, 2020.
Brookfield Infrastructure Corporation is a global infrastructure company. The Company owns and operates assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific, and Europe. It owns interests in a regulated gas and electricity business in the United Kingdom, a regulated natural gas transmission business in Brazil and a global intermodal logistics operation. Its regulated gas transmission operation in Brazil operates approximately 2,000 kilometers of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais. Its regulated distribution operation is the independent last-mile, multi-utility connection provider, with approximately 4.5 million connections. The Companyâs global intermodal logistics operation is the worldâs largest lessor of intermodal containers with a fleet of over four million containers representing seven million twenty-foot equivalent units (TEUs).
Brookfield Infrastructure Partners L.P. and Blackstone Infrastructure Partners, L.P. managed by The Blackstone Group Inc. (NYSE: BX) completed the acquisition of 41.1% stake in Cheniere Energy Partners, L.P. from Blackstone Energy Partners L.P. managed by The Blackstone Group Inc. (NYSE