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Williams Partners to buy another 21% stake in UEO for $575M

Apr. 06, 2015 8:25 AM ETWilliams Partners L.P. (WPZ) StockBy: Carl Surran, SA News Editor2 Comments
  • Williams Partners (NYSE:WPZ, WMB) agrees to acquire additional interest in Utica East Ohio Midstream Partnership from a subsidiary of EV Energy Partners (EVEP) for ~$575M.
  • WPZ says the acquisition will increase its stake in the natural gas midstream business in the Utica Shale in eastern Ohio to 70%.
  • EVEP says the deal marks the completion of its divestiture of midstream investments in the Utica Shale.

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