Blackstone leads bid for Actis-owned BluPine at $1.8 billion
In short
Blackstone has emerged as the leading bidder for Actis-owned BluPine Energy at a $1.8 billion valuation. The move comes as Blackstone has been building a bigger infrastructure portfolio in India.
This could add another large asset to Blackstone’s India investments if the deal goes through.
What the reporting says
Blackstone has emerged as the frontrunner to buy Actis-owned BluPine Energy at a $1.8 billion valuation, according to the headline. The move comes as Blackstone has stepped up efforts to build a large infrastructure portfolio in India.
Why it matters
Blackstone has emerged as the frontrunner to buy Actis-owned BluPine Energy at a $1.8 billion valuation. The reported move fits Blackstone’s push to build a larger infrastructure portfolio in India. The story points to a possible change in ownership for BluPine Energy, with the valuation providing the main market signal in the brief.