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Tag Archives: Teppco Partners

Enterprise Products Partners Buys Teppco Partners

30-Jun-09

Enterprise Products Partners agreed yesterday to buy Teppco Partners LP for approximately US$3.3B, thus forming the biggest U.S. energy partnership. Enterprise Products Partners boasted that the takeover will provide it with a larger footprint, increase its earnings starting in 2010 and will yield at least US$20M in cost-saving. Combined, the partnerships will own nearly 48000 [...]