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Article: Vitol, Inc. Enters into Agreement to Purchase the General Partner of SemGroup Energy Partners, L.P.
- Article from:
- Business Wire
- Article date:
- October 8, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TULSA, Okla. -- SemGroup Energy Partners, L.P. ("SGLP") (Pink Sheets: SGLP) has been informed that Vitol Inc., part of the Vitol Group of companies ("Vitol"), today entered into an agreement with Manchester Securities Corp., an affiliate of Elliott Management Corporation ("Manchester"), to purchase 100% of the membership interests of SemGroup Energy Partners G.P., L.L.C., SGLP's general partner, and SGLP's subordinated units. Because this is a private transaction, financial terms were not disclosed. The agreement is subject to a number of customary closing conditions and approvals, including consent from SGLP's lenders under its credit facility.
Vitol Inc. is the ...
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