A Blackstone Inc.-led investor group agreed to acquire a stake in LNG Canada’s liquefaction business from a Mitsubishi Corp. subsidiary for $3.1 billion.
Other investors in the transaction for a 49.9% stake in LNG Canada’s business owned by the Mitsubishi unit include Canada Pension Plan Investment Board, Ontario Municipal Employees Retirement System, the Investment Management Corp. of Ontario and the Public Sector Pension Investment Board.