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BP to sell stake in North Sea CATS gas pipeline

Apr. 23, 2015 7:57 AM ETBP p.l.c. (BP) StockBPBy: Carl Surran, SA News Editor2 Comments
  • BP agrees to sell its 36.22% interest in the Central Area Transmission System business in the U.K.'s North Sea to Antin Infrastructure Partners for £324M ($486M).
  • BP is currently the operator of CATS, but Antin already owns a 62.78% stake in the CATS business, which includes a 250-mile pipeline and processing facilities.

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