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QEP Midstream Partners closes acquisition of membership interests in Green River Processing From QEP Resources

Tuesday, 1 Jul 2014 04:30pm EDT 

QEP Midstream Partners LP:Announced that it has acquired 40 pct of the outstanding membership interest in Green River Processing, LLC for $230 million in cash from QEP Field Services company, a wholly owned subsidiary of QEP Resources, Inc.Transaction represents the Partnership's first acquisition following its initial public offering in Aug. 2013.Acquisition is expected to be immediately accretive to the Partnership's distributable cash flow per unit. 

Company Quote

0.28 +1.77%
26 Dec 2014