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4 months ago
BRIEF-Tallgrass Energy Partners acquires about 25 pct interest in Rockies Express Pipeline
April 3, 2017 / 10:51 AM / 4 months ago

BRIEF-Tallgrass Energy Partners acquires about 25 pct interest in Rockies Express Pipeline

1 Min Read

April 3 (Reuters) - Tallgrass Energy Partners Lp

* Tallgrass Energy Partners acquires approximate 25 percent interest in Rockies Express Pipeline

* Tallgrass Energy Partners Lp - deal for $400 million

* Tallgrass Energy Partners Lp - acquisition increases Tep's ownership interest in Rex to approximately 50 percent

* Tallgrass Energy Partners Lp - expect transaction to be immediately accretive to unitholders

* Tallgrass Energy Partners - intend to recommend to board of general partner that Tep increase its quarterly distributions for Q2 and Q3 of 2017

* Tallgrass Energy Partners - recommend to increase quarterly distributions for Q2 and Q3 of 2017 by aggregate of at least $0.40 per unit on annualized basis Source text for Eikon: Further company coverage:

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