Reported about 1 month ago
Private equity firm Blackstone is in advanced negotiations to purchase minority stakes in interstate natural gas pipelines from EQT Corp for approximately $3.5 billion. This deal would assist EQT in reducing its significant debt incurred from its recent acquisition of pipeline operator Equitrans Midstream. If finalized, EQT will maintain operational control of the pipelines, while Blackstone aims to enhance its energy infrastructure portfolio, which includes significant assets like the controversial Mountain Valley Pipeline.
Source: YAHOO