Blackstone weighs $5 billion sale of Beacon Offshore, Bloomberg News reports
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Blackstone is reportedly in discussions to sell its Beacon Offshore Energy, which manages oil and gas assets in the U.S. Gulf of Mexico, for over $5 billion. Early talks with investment banks regarding a potential listing of the company may occur in the first quarter. The Houston-based firm is expected to attract interest from major Gulf of Mexico producers. Beacon Offshore Energy has not commented on the matter.
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