"Blackstone In Advanced Talks To Buy Stakes In EQT's Interstate Pipelines For About $3.5 Billion" - Reuters
Portfolio Pulse from Benzinga Newsdesk
Blackstone is in advanced discussions to acquire stakes in EQT's interstate pipelines for approximately $3.5 billion, according to Reuters sources.
October 25, 2024 | 6:37 pm
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POSITIVE IMPACT
Blackstone is negotiating to purchase stakes in EQT's interstate pipelines for $3.5 billion, indicating a potential expansion in its energy infrastructure investments.
The acquisition of EQT's pipeline stakes would enhance Blackstone's portfolio in energy infrastructure, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EQT is in advanced talks to sell stakes in its interstate pipelines to Blackstone for $3.5 billion, which could provide significant capital and impact its financial strategy.
Selling pipeline stakes to Blackstone could provide EQT with substantial capital, potentially improving its financial position and positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80