Blackstone, Canadian institutions to pay $3.1b for Mitsubishi Corp.’s interest in LNG Canada
Monday, November 2, 2026 · first reported by IREI and 4 others
Mitsubishi Corporation is bringing in outside capital for its LNG Canada holding. Blackstone funds and four Canadian institutions have committed $3.1bn for a 49.9% noncontrolling stake in the Mitsubishi subsidiary that owns the Japanese group's 15% interest in the British Columbia project. The institutions are Canada Pension Plan Investment Board, Ontario Municipal Employees Retirement System, Investment Management Corporation of Ontario and Public Sector Pension Investment Board.
Mitsubishi said its existing LNG offtake arrangements and customers would be unaffected. A planned second phase is expected to double annual capacity to 28 million metric tons.
- Also named
- Canada Pension Plan Investment Board, Mitsubishi Corp.
- Deal value
- $3.1B
- Asset class
- Infrastructure, Credit
- Geography
- North America
Advisers Scotiabank (financial adviser)
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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Coverage
5 sources- IREIBlackstone, Canadian institutions to pay $3.1b for Mitsubishi Corp.’s interest in LNG Canada
- Private Equity WireBlackstone-led consortium invests $3.1bn in Mitsubishi’s LNG Canada interest
- Alternatives WatchBlackstone, Canadian pensions invest $3.1bn in Mitsubishi LNG stake
- HedgeCoBlackstone and Four Canadian Pension Investors Agreed to Invest $3.1 Billion for a 49.9% Stake in Mitsubishi’s LNG Canada Holding Company
- Law360Blackstone-Led Group Investing $3.1B Into LNG Canada
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