Deals
Blackstone Discloses 7% Stake in Kelcy Warren’s Energy Transfer
- Stake would make it second-biggest holder after CEO Warren
- Interest includes units owned by Harvest Fund Advisors
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Blackstone Group disclosed a 6.9% stake in Energy Transfer LP that would make it the second-biggest holder in the pipeline giant after billionaire founder and Chief Executive Officer Kelcy Warren.
The New York-based investment firm said the interest includes units owned by Harvest Fund Advisors, which it bought in 2017. Harvest owned 4% of Energy Transfer’s unit as of the end of last year. Blackstone reported the stake in a regulatory filing after the market closed Wednesday, sending Energy Transfer units up as much as 9.7%.