Shell unit to buy more interests in Explorer, Colonial lines

Posted on May 13, 2019 at 5:10 pm.

Shell Midstream Partners LP, Houston, has agreed to acquire Shell’s 25.97% equity interest in Explorer Pipeline Co. and 10.125% equity interest in Colonial Pipeline Co. for $800 million. The acquisition will increase Shell Midstream Partners’ interest in Explorer to 38.59% and in Colonial to 16.125%.

Source: News