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Murphy USA Inc announces sale of its hankinson ethanol plant

Thursday, 19 Dec 2013 04:11pm EST 

Murphy USA Inc:Completes the sale of its wholly owned subsidiary Hankinson Renewable Energy, LLC which owns and operates the Hankinson, North Dakota ethanol plant to Guardian Hankinson, LLC.Says Guardian Hankinson, LLC acquired the 132 million gallon per year facility in an all-cash transaction through a membership purchase agreement.Says purchase price for the transaction was $170 million plus estimated inventory and net working capital at closing of about $3 million. 

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