Williams Announces $5.34 Billion Investment from Blackstone-Led Consortium to Fund Power Projects
Williams (WMB) announced a $5.34 billion investment led by funds managed by Blackstone Credit & Insurance, alongside Apollo and KKR, to support the expansion of its Power Innovation portfolio. The deal involves acquiring a 49% noncontrolling stake in five major projects while allowing Williams to retain operational control and reduce capital commitments.
Topics: energy infrastructure power projects private equity investment