Brookfield Asset Management has agreed to acquire a 40 percent interest in liquefied natural gas (LNG) producer Cheniere Energy Partners from private equity giant Blackstone Group, according to a report by Bloomberg.
The deal for Cheniere’s Sabine Pass liquefied natural gas export facility in Louisiana is valued at $7 billion.
According to an SEC filing, Blackstone Infrastructure Partners and Brookfield Infrastructure will team up to acquire the 41 percent interest in Cheniere currently held by Blackstone Energy Partners. Blackstone Infrastructure will purchase 50.01 percent, while Brookfield Infrastructure will buy 49.99 percent of the minority stake.
