Thursday, May 25, 2017

Williams Partners to Shed Petrochem Plant Stake

Posted by April 17, 2017

Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion cash.

 
Williams Partners said its units would enter into long-term supply and transportation agreements with Nova after the deal closes, the company said on Monday.
 
Reporting by Ahmed Farhatha 

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