Deals - Joint Ventures | Capital Markets | Private Equity Activity
MPLX, Enbridge Closes $2.0 Billion Dakota Access Pipeline Transaction
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[Summary: MPLX closed today on the perviously announced transaction to acquire a partial, indirect equity interest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system, through a joint venture with Enbridge Energy Partners, L.P.]
MPLX LP today closed on the previously announced transaction to acquire a partial, indirect equity interest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system, through a joint venture with Enbridge Energy Partners, L.P. (NYSE: EEP).
MPLX contributed $500 million of the $2 billion purchase price paid by the joint venture to acquire a 36.75 percent indirect equity interest in the Bakken Pipeline…
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