'BlackRock, GIC Consider Sale Of UK Gas Pipeline Assets; Kellas Midstream Could Be Valued At About $2B In A Sale; Owners Of The Business Are Working With Jefferies On Options' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
BlackRock Inc. and GIC Pte are considering the sale of UK gas pipeline assets owned by Kellas Midstream, potentially valued at $2 billion. They are collaborating with Jefferies Financial Group Inc. to identify potential buyers.
March 14, 2024 | 4:40 pm
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POSITIVE IMPACT
BlackRock Inc. is exploring the sale of Kellas Midstream's UK gas pipeline assets, potentially valued at $2 billion.
The sale of significant assets like Kellas Midstream's gas pipelines could positively impact BlackRock's financial position and investor perception, especially if the sale proceeds meet or exceed the $2 billion valuation. This could lead to a short-term positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jefferies Financial Group Inc. is working with BlackRock Inc. and GIC Pte to find potential buyers for Kellas Midstream's UK gas pipeline assets.
Jefferies Financial Group's involvement in facilitating the sale of Kellas Midstream's assets could enhance its reputation in investment banking and advisory services, potentially leading to a positive impact on its stock price due to increased investor confidence in its capabilities.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70