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Altus Midstream to merge with Blackstone-backed BCP Raptor

Altus Midstream to merge with Blackstone-backed BCP Raptor
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Texas pipeline operator Altus to combine with Blackstone-backed BCP Raptor

Altus Midstream Co said on Thursday it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 billion inclusive of debt.

Altus Midstream Company and EagleClaw Midstream to merge

Altus Midstream Company, a subsidiary of Apache Corp, will merge with BCP Raptor Holdco LP, which is backed by Blackstone and I Squared Capital.

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