BP to buy out U.S. pipeline partnership in $723 mln deal

BP to buy out U.S. pipeline partnership in $723 mln deal

December 20, 2021

BP (BP.L) will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP (BPMP.N) that it doesn’t already own in a more than $700 million deal, as the energy giant looks to simplify its structure.

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