HomeMagazine2021December 2021, Vol. 248, No. 12Companies in the News December 2021

December 2021, Vol. 248, No. 12

Business

Companies in the News December 2021

Texas Pipeline Operator Altus to Combine with BCP Raptor   Altus Midstream will merge with BCP Raptor, a holding company for  pipeline  assets in the Permian Basin, with the combined entity to be valued at $9 billion inclusive of debt.   The transaction allows BCP to go public and gives control of Altus to BCP’s backers, private equity firm Blackstone Inc. and infrastructure-focused investor I Squared Capital, according to Reuters.   Altus will increase scale in the Permian, as the combined entity becomes the biggest integrated midstream operator in the Delaware part of the formation.   As a result of the deal, Blackstone and I Squared will own 75% of the combination. Apache Corporation

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