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Blackstone ends talks for $5 bln Energy Transfer stake - Bloomberg
January 9, 2017 / 7:55 PM / 8 months ago

Blackstone ends talks for $5 bln Energy Transfer stake - Bloomberg

Jan 9 (Reuters) - Private-equity firm Blackstone Group LP is no longer looking at buying a $5 billion stake in Energy Transfer Partners, Bloomberg reported on Monday, citing people familiar with the matter.

In December, Blackstone was said to be looking at a stake in ETP, the company building the controversial Dakota Access Pipeline. ETP shares slid nearly 2 percent on Monday while the stock of parent Energy Transfer Equity LP shed 5.4 percent.

Reuters was unable to verify the report. (Reporting by David Gaffen in New York; Editing by Jeffrey Benkoe)

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