Blackstone Seeks to Buy Pipeline Stake from EQT for $3.5 Billion

October 30, 2024October 30, 2024

Last Friday, Reuters reported that sources "familiar with the matter" whispered to its reporters that private equity firm Blackstone is "in advanced talks" to acquire minority stakes in the interstate natural gas pipelines now owned by EQT Corp. (following its purchase of Equitrans Midstream) for a whopping $3.5 billion. The deal would help EQT reduce the debt it accumulated from buying Equitrans.

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