Global Infrastructure SherpaBlackstone to Acquire EnergyRe for $3.5 Billion
Blackstone has agreed to acquire EnergyRe, a transmission developer, for $3.5 billion. The acquisition will expand Blackstone's infrastructure portfolio.
Source Intelligence
Blackstone is also investing $400 million to purchase 8 million newly issued shares of TXNM Energy common stock, to support the company’s growth plans. Quote: "In addition to the acquisition, Blackstone said that it is also investing $400 million to purchase 8 million newly issued shares of TXNM Energy common stock, to support the company’s growth plans."
"Alternative asset manager Blackstone announced an agreement by Blackstone Infrastructure to acquire electric utility holding company TXNM energy"
"Alternative asset manager Blackstone announced an agreement by Blackstone Infrastructure to acquire electric utility holding company TXNM energy"
"Alternative asset manager Blackstone announced an agreement by Blackstone Infrastructure to acquire electric utility holding company TXNM energy"
"TXNM Energy delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM."
"TXNM Energy delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM."