Five Point Energy sells stake in water midstream firm WaterBridge Resources

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May 17 (Reuters) - Private equity Five Point Energy LLC said on Friday it had sold its minority stake in water midstream company WaterBridge Resources LLC to affiliates of Singapore's sovereign wealth fund, GIC.

The transaction implies an enterprise value of about $2.8 billion for WaterBridge, the private equity firm said.

A Wall Street Journal, citing a person familiar with the matter, said GIC bought 20% of the company from Five Point Energy (graphic).

This article appears in: Stocks , World Markets
Referenced Symbols: FPH

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