Blackstone to take controlling interest in Tallgrass Energy for $3.3 billion

January 31, 2019

(Reuters) – Private equity firm Blackstone Group LP said it would buy a controlling interest in midstream energy company Tallgrass Energy LP for $3.3 billion.

Under the deal, Blackstone will acquire a 44 percent economic interest in Tallgrass Energy and 100 percent of the membership interest in the company’s general partner.

Singapore’s sovereign wealth fund, GIC, is also a minority investor in the deal. (

The deal is expected to close in the first quarter of 2019.

(Reporting by Bharath Manjesh in Bengaluru; Editing by Anil D’Silva)