Oiltanking Partners is planning to sell about $200 million in common units in an initial public offering (IPO), The Wall Street Journal reports. The shares of the Houston-based oil terminal and storage company will be traded on the New York Stock Exchange.

The details of the offering, including the number of shares to be sold and their expected price, have not been disclosed. Citigroup Global Markets has been appointed to underwrite the offering, adds Reuters.

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