Deal snapshot: SHELL MIDSTREAM PARTNERS ACQUIRES ADDITIONAL INTERESTS IN ONSHORE ASSETS.
US-based midstream MLP Shell Midstream Partners, L.P. (NYSE: SHLX) has agreed to acquire additional equity interests in Zydeco Pipeline Co LLC (Zydeco), Bengal Pipeline Co LLC (Bengal), and Colonial Pipeline Co. (Colonial) from Anglo-Dutch oil and gas major Royal Dutch Shell plc's (NYSE: RDS.A) Shell Pipeline Co. LP subsidiary for USD 700m, the company said.
This acquisition will increase Shell Midstream Partners' interests in Zydeco to 92.5%, Bengal to 50.0%, and Colonial to 6.0%.
Sector: Petroleum/Natural Gas/Coal
Target: Additional stakes in Zydeco Pipeline, Bengal Pipeline and Colonial Pipeline
Buyer: Shell Midstream Partners, L.P.
Vendor: Shell Pipeline Co. LP
Deal size in USD: 700m
Type: Corporate Acquisition
Buyer advisor: Evercore Group, L.L.C. , Andrews Kurth LLP ,
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|Publication:||M & A Navigator|
|Date:||May 19, 2016|
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