Enterprise sell 22.8 million Energy Transfer Equity, LP common units

Enterprise to sell 22.8 million Energy Transfer Equity, LP common units

9:54 PM, 27th December 2011
Enterprise to sell 22.8 million Energy Transfer Equity, LP common units

HOUSTON, US: Enterprise Products Partners LP announced that it has agreed to sell 22,762,636 Energy Transfer Equity, LP 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.

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