14
May
01:00
Shell Midstream set to acquire additional interests in US Shell Pipeline assets
Royal Dutch Shell’s publicly-held midstream unit, Shell Midstream Partners, has signed a $448 million deal to acquire additional equity stakes in Zydeco Pipeline Co and Colonial Pipeline Co, from Shell Pipeline Co, Kallanish learns.
When the transaction closes on 18 May, Shell Midstream's stake in Zydeco will increase to 62.5%, from 43%, and in Colonial to 3% from 1.612%.
"The additional interest in these two key assets will contin…
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Very good overview of the weekly steel market.
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