Reuters logo
Energy Transfer to sell stake in Sunoco LLC to Sunoco LP
November 16, 2015 / 12:20 PM / 2 years ago

Energy Transfer to sell stake in Sunoco LLC to Sunoco LP

(Reuters) - Energy Transfer Partners LP (ETP.N) said it would sell its 68.42 percent stake in convenience store operator Sunoco LLC to Sunoco LP (SUN.N) for about $2.23 billion.

    Sunoco LP will pay Energy Transfer Partners about $2.2 billion in cash and issue about 5.7 million common units.

    Both Sunoco and Energy Transfer Partners are master-limited partnerships formed by pipeline operator Energy Transfer Equity LP (ETE.N).

    Reporting by Amrutha Gayathri in Bengaluru; Editing by Saumyadeb Chakrabarty

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below