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.

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