PE Firms Help Fund OSUM
January 25, 2012- Share:
Existing shareholders The Blackstone Group and Warburg Pincus, along with new shareholders KERN Partners and Government of Singapore Investment Corporation, have entered into a definitive agreement to contribute a total of CAD500 million of development capital to OSUM Oil Sands. BlackRock Financial Management also invested in the placement. Blackstone and Warburg Pincus each acquired a minority stake in the company in August 2008.
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