Blackstone and Leading Canadian Institutional Investors Announce $3.1B Investment in Mitsubishi Corporation’s Interest in LNG Canada

PSP joined a Blackstone-led institutional investor group that agreed to acquire a non-controlling interest in a Mitsubishi Corporation subsidiary holding Mitsubishi’s LNG Canada interest. Mitsubishi remains the controlling partner. The group’s 49.9% holding is not PSP’s individual ownership or a direct 49.9% stake in LNG Canada.