Buckeye Closes Sale Of Domestic Pipeline, Terminal Assets

Buckeye Partners LP announced Dec. 18 that it completed the sale of a package of domestic pipeline and terminal assets to a subsidiary of InstarAGF Asset Management Inc. for cash proceeds of $450 million. The Asset Package includes: A jet fuel pipeline from Port Everglades, Fla. to the Fort Lauderdale and Miami, Fla. airports; Pipelines and terminal facilities serving the Reno, Nev; San Diego, and Memphis, Tenn. airports; and Refined petroleum products terminals in Sacramento and Stockton, Calif.

https://www.shaledirectories.com/blog/buckeye-closes-sale-of-domestic-pipeline-terminal-assets/