Magellan Midstream Partners L P : Announces Sale of Partial Interest in Pasadena Marine Terminal Joint Venture
Message : Required fields TULSA, Okla., April 22, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today the sale of nearly half of its membership interest in its Pasadena marine terminal joint venture, MVP Terminalling, LLC, to an undisclosed financial buyer for $270 million. The sale closed on April 19. Magellan now owns approximately 25% of MVP Terminalling and remains the operator of the facility. MVP Terminalling owns a refined petroleum products marine storage terminal along the Houston Ship Channel in Pasadena, Texas. The terminal currently includes over fiv...
Source: marketscreener.com