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(Reuters) – Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico for more than $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The asset manager has begun early talks with investment banks about a possible listing of the company as soon as the first quarter, the report said.
The Houston-based company is likely to draw interest from major Gulf of Mexico producers, the people said.
Beacon Offshore Energy did not respond to a Reuters request for comment.
Reporting by Katha Kalia in Bengaluru
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