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Buckeye To Sell $85M Texas Pipeline Stake

Buckeye Partners will sell its 20% stake in West Texas LPG Pipeline.

Buckeye Partners will sell its 20% stake in West Texas LPG Pipeline. Affiliates of Atlas Pipeline Partners will pay $85 million for the acquisition.

Chevron Pipeline owns the remaining 80% stake in the pipeline and also operators it. The transaction is expected to be completed by in the second quarter of 2011.

Click here for the release from Market Wire.

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