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Bloomberg
Blackstone Group will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the US.
The firm’s private equity business is unloading its stake of just over 40% of Cheniere
Energy Partners LP to Brookfield Asset Management Inc and its own affiliated infrastructure group, according to a filing.
Brookfield negotiated the terms of the transaction, including a $34.25 per unit sale price that values the deal at $7 billion, according to people familiar with the matter.