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Deal snapshot: SHELL MIDSTREAM PARTNERS ACQUIRES ADDITIONAL INTERESTS IN ONSHORE ASSETS.

MANews-(C)2009-2016

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%.

Country: USA

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

Financing: Cash

Status: Agreed

Buyer advisor: Evercore Group, L.L.C. , Andrews Kurth LLP ,

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Publication:M & A Navigator
Date:May 19, 2016
Words:134
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