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Update: Market Chatter: Carlyle Group-Backed Crescent Midstream Said to Be Exploring Sale
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Update: Market Chatter: Carlyle Group-Backed Crescent Midstream Said to Be Exploring Sale
Apr 22, 2024 12:22 PM

03:01 PM EDT, 04/22/2024 (MT Newswires) -- (Updates with additional details and attempts to reach out for comments.)

Crescent Midstream, an oil pipeline backed by Carlyle Group ( CG ) , is exploring a potential sale after receiving takeover interest, Bloomberg reported Monday, citing people with knowledge of the matter.

The company is working with an adviser on options, the people reportedly said. Crescent can be valued at nearly $1.3 billion, including debt.

Neither Crescent nor Carlyle immediately responded to MT Newswires' request for comment.

(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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