Market Overview

Enterprise Agrees to Sell 22.8 Million Energy Transfer Equity Common Units for $825M

Enterprise Products Partners L.P. (NYSE: EPD) today announced that it has agreed to sell 22,762,636 Energy Transfer Equity, L.P. (NYSE: ETE) common units owned by an Enterprise subsidiary in a private transaction to certain purchasers. Proceeds of approximately $825.1 million from the sale will be used by Enterprise for general partnership purposes, including funding growth capital projects. Closing of the transaction is scheduled to occur in January 2012.

Posted-In: News Asset Sales

 

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