Blackstone-Led Investors Buy into LNG Canada for $3.1 Billion

Blackstone funds and Canadian institutional investors have teamed up to buy a stake in the LNG Canada export project for a total of $3.1 billion, the asset manager said on Monday.  Funds managed by Blackstone Credit & Insurance, in partnership with leading Canadian institutional investors, have agreed to buy a 49.9% non-controlling stake in a unit of Mitsubishi Corporation that holds the Japanese firm’s 15% stake in LNG Canada.  The Canadian institutional investors include Canada Pension Plan Investment Board (CPP Investments),…