Blackstone to Invest $2 Billion to Construct $10 Billion Plant
Investing News Network - February 27th, 2012
Bloomberg reported that Cheniere Energy Partners LP (AMEX:CQP) announced that Blackstone Group LP (NYSE:BX) will invest $2 billion to construct a $10 billion plant.
Bloomberg reported that Cheniere Energy Partners LP (AMEX:CQP) announced that Blackstone Group LP (NYSE:BX) will invest $2 billion to construct a $10 billion plant.
As quoted in the market news:
Cheniere is required to pay a $50 million breakup fee to Blackstone if the $2 billion investment falls through and Cheniere finds a new equity investor within 12 months, according to a U.S. Securities and Exchange Commission filing by Cheniere today.