01:26 PM EDT, 06/26/2024 (MT Newswires) -- Blackstone (BX) is exploring options for its sustainability and efficiency consulting subsidiary Legence, including a potential sale or initial public offering, Bloomberg reported Wednesday.

A transaction could be valued at as much as $5 billion, the news outlet reported, citing people familiar with the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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