Phillips 66 to sell stake in Gulf Coast Express Pipeline for $865 mln

Reuters12-16
<a href="https://laohu8.com/S/PSX">Phillips 66</a> to sell stake in Gulf Coast Express Pipeline for $865 mln

Dec 16 (Reuters) - Phillips 66 PSX.N said on Monday that it will sell a 25% non-operating equity interest in the Gulf Coast Express Pipeline to ArcLight Capital Partners for about $865 million.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Sonia Cheema)

((Srivastava.Vallari@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment