- Blackstone-led group (with Brookfield, KKR) buys 49% of Kuwaiti JV holding 320 km of KOC pipelines for $16B. JV leases pipelines back to KOC for 20.5 years; KOC pays volume-based tariff.
- Goldman Sachs raised Blackstone (BX) target to $127 from $114; Barclays raised its target to $128 from $119. Traders: price targets updated, no other commentary.
- Blackstone-led group commits about $4.4B to a JV with Williams to build five gas plants for AI data centers; managers take 49%, Williams 51%, $900M payment, buyout option after seven years.
- Blackstone raised data‑center weight in BREIT from 1% (2020) to 27% by June, then sold three data‑center assets to Digital Realty for about $3.5 billion.
- Blackstone (BX) saw withdrawal requests fall in Q3 after 10% redemptions in Q2; its flagship private credit fund repurchased 5% of capital in Q3, matching its quarterly repurchase cap.
- Blackstone (BX) formed an aircraft‑leasing joint venture with Dubai Aerospace Enterprise and invested $250 million in a UAE payments and data-intelligence tech platform.
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Key facts: BX $16B for 49% KOC pipelines; Targets Raised; $4.4B JV
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Blackstone-led group (with Brookfield, KKR) buys 49% of Kuwaiti JV holding 320 km of KOC pipelines for $16B. JV leases pipelines back to KOC for 20.5 years; KOC pays volume-based t