- Blackstone (NYSE:BX) has led a record-setting joint venture with Kuwait Oil Company involving a 20.5-year lease and leaseback of Kuwait’s entire critical pipeline infrastructure.
- The deal is described as the largest foreign direct investment in Kuwait’s history and introduces a unique long-term infrastructure structure for the region.
- The transaction brings a consortium of institutional partners into Kuwait’s energy network at a time of heightened geopolitical risk in the Arabian Gulf.
Blackstone enters this agreement with Kuwait Oil Company while its stock trades around $132.60. The company is coming off a mixed share price path, with NYSE:BX up 7.3% over the past week and 14.9% over the past month but down 16.5% year to date and down 22.3% over the past year. Over a longer horizon, the stock is up 37.8% over three years and 35.7% over five years.
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