trending Market Intelligence /marketintelligence/en/news-insights/trending/jq0xguc5of9gmf0etmcpiq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: Blackstone, ousted Energy Transfer exec working on deal for ETP assets

L.K. Bennett: Bankruptcy Case Study

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry


Report: Blackstone, ousted Energy Transfer exec working on deal for ETP assets

The private equity firm Blackstone Group LP is in talks to buy a stake in assets held by the giant gas pipeline partnership Energy Transfer Partners LP, The Wall Street Journal reported Dec. 22, citing "people familiar with the matter."

The sources did not specify which assets are involved in the deal, but one source said the deal could exceed $5 billion. Blackstone is teaming up with former Energy Transfer Equity LP CFO Jamie Welch, who was heavily involved in Energy Transfer's failed merger with Williams Cos. Inc. and was dismissed after the deal fell apart.

ETP is in the process of being acquired by its sister partnership Sunoco Logistics Partners LP in a unit-for-unit deal that would create the second-largest master limited partnership in the U.S.

Energy Transfer Partners and Sunoco Logistics units were each up about 3% as of about 1:40 p.m. ET on Dec. 22, shortly after the Journal report was posted online, while Energy Transfer Equity stock was up 5.4%. ETP finished the day ahead by 2.2%, Sunoco Logistics gained 2.4%, and ETE picked up 2.8%.