Exclusive | Elliott Eyes Bet on Pipeline Carrying Russian Gas - WSJ


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Key Investment

Elliott Investment Management, led by Paul Singer, is in negotiations to acquire a stake in a collection of infrastructure assets. This package notably includes a segment of the TurkStream pipeline that transports Russian natural gas to Europe.

Deal Details

The proposed deal involves a stake in the Bulgarian extension of the TurkStream pipeline, alongside other assets such as data centers and cables. This move could represent a significant step towards the resurgence of Russia's energy sector through collaboration with U.S. investors.

Potential Implications

The successful completion of this deal would mark a notable development in the relationship between American investors and the Russian energy industry. It suggests a potential model for future investments in similar infrastructure projects.

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Elliott Investment Management is in talks to buy a stake in a package of infrastructure assets, including a pipeline that carries Russian natural gas to Europe—a deal that could form a template for reviving Moscow’s once-mighty energy business by involving American investors.The U.S. hedge fund, headed by billionaire founder Paul Singer, is considering a stake in the Bulgarian extension of the TurkStream pipeline, along with access to a network of data centers, data cables and other infrastructure assets, according to people familiar with the matter. 

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