Emerson sells remaining 40% stake in Copeland JV to Blackstone for $3.5B

Emerson announced it has entered into a definitive agreement to sell its remaining 40% common equity ownership in the Copeland joint venture to private equity funds managed by Blackstone for a transaction value of approximately $3.5 billion. The deal is expected to close in the second half of 2024.

“Emerson announced today that it has entered into a definitive agreement to sell its remaining interests in the Copeland joint venture for a transaction value of approximately $3.5 billion.”blackstone.com

• 3 sources
• blackstone.comEmerson Announces Sale of Remaining Interests in Copeland to Blackstone - BlackstoneHeath JenniferJun 6, 2024
• coolingpost.comEmerson to sell remaining stake in Copeland - Cooling PostNeil EverittJun 11, 2024
• achrnews.comNewsline - Articles - Page 11 | ACHR NewsThe ACHR NEWS Editorial StaffJun 13, 2024

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