Williams Partners (WPZ) agrees to acquire Williams’ (WMB) 83% interest in the Geismar olefins...

|About: Williams Partners L.P. (WPZ)|By:, SA News Editor

Williams Partners (WPZ) agrees to acquire Williams’ (WMB) 83% interest in the Geismar olefins production facility and WMB's refinery-grade propylene splitter for $2.26B and pipelines in the Gulf region for $100M. WPZ will complete the Geismar expansion and additional pipelines for a projected $430M. WPZ expects the olefins production will be accretive to distributable cash flow.