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Tallgrass Picks Up 25% Interest in Rockies Express Pipeline

Tallgrass Energy, LP Sempra Energy
AnnouncedMay 9, 2016
TypeAsset
Announced Date
May 09,2016
Close Date
May 09,2016
Transaction Type
Asset




Snapshot
Location
Region
Rockies

Country
United States

State
Colorado


Transaction Details:  Subscribe to see

Closing Announcement - May 9, 2016

Tallgrass Energy Partners, LP and Tallgrass Energy GP, LP, collectively referred to as Tallgrass Energy, today announced that a wholly owned subsidiary of TEP has closed on the purchase of a 25 percent membership interest in Rockies Express Pipeline LLC (REX) from a unit of Sempra U.S. Gas and Power for cash consideration of approximately $440 million.

Initial Announcement - April 28, 2016

Tallgrass Development, LP announced a purchase agreement with a unit of Sempra U.S. Gas and Power to acquire a 25 percent interest in REX. Since the announcement, a…

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