David Foley News
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Blackstone Group LP, the world’s biggest buyout firm, plans to start investing in energy projects in Africa worth $3 billion amid increasing demand for power on the continent.
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Blackstone Group LP is seeking to take advantage of low natural gas prices, said the head of its energy investing business, after KKR & Co. and Apollo Global Management LLC announced multibillion-dollar deals for such assets.
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Blackstone Group LP, the world’s biggest private-equity firm, plans a final close for its debut energy fund at the end of the month with $2.2 billion to $2.5 billion, according to two people with knowledge of the fund.
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A General Services Administration official refused to answer U.S. lawmakers’ questions about the planning of an $823,000 Las Vegas conference.
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Carlyle Group’s talks to buy a majority stake in Sunoco Inc.’s Philadelphia refinery show private equity is betting the business abandoned by public oil companies may be poised for a long-term rebound.
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A General Services Administration official refused to answer questions at a congressional hearing into an $823,000 Las Vegas conference criticized by lawmakers and the Obama administration for wasting taxpayer money.
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Carlyle Group’s talks to buy a majority stake in Sunoco Inc.’s Philadelphia refinery show private equity is betting the business abandoned by public oil companies may be poised for a long-term rebound.
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Dynegy Inc. , the third-largest U.S. independent power producer, agreed with Blackstone Group LP to scrap a $604.5 million takeover because of shareholder opposition. Dynegy will seek new bids and may sell assets, cut costs and restructure debt to continue as a standalone company.
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Blackstone Group LP is seeking as much as $3 billion for its first energy fund, aiming to become the biggest diversified private-equity firm investing in the industry, according to two people with knowledge of its plans.
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