January 31, 2019 / 12:04 PM / 18 days ago

Blackstone to take controlling interest in Tallgrass Energy for $3.3 bln

Jan 31 (Reuters) - Private equity firm Blackstone Group LP said it would buy a controlling interest in midstream energy company Tallgrass Energy LP for $3.3 billion.

Under the deal, Blackstone will acquire a 44 percent economic interest in Tallgrass Energy and 100 percent of the membership interest in the company’s general partner.

Singapore's sovereign wealth fund, GIC, is also a minority investor in the deal. (reut.rs/2CUzTUJ)

The deal is expected to close in the first quarter of 2019. (Reporting by Bharath Manjesh in Bengaluru; Editing by Anil D’Silva)

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