Deals
Blackstone Weighs $2 Billion Sale of Gas Explorer Olympus
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Blackstone Inc. is exploring a sale of Olympus Energy, a natural gas explorer in the Appalachian region that could be valued at up to $2 billion, according to people familiar with the matter.
The alternative asset manager is working with financial advisers to seek a buyer for the Canonsburg, Pennsylvania-based business, said the people, who asked to not be identified because the details aren’t public. No final decision has been made and Blackstone could opt to hold onto the company, the people added.