Kinder Morgan to buy more refined products terminals
US pipeline operator Kinder Morgan Energy Partners is to buy nine refined-products terminals from Georgia-based Charter Terminal Company and Charter-Triad Terminals for $75 million in cash and assumed liabilities. The deal is expected to close later this year.
Kinder Morgan said it plans to invest a further $2 million over the next two years to upgrade the terminals, which are located in North Carolina, South Carolina, Virginia and Georgia.
Including this deal, the company has invested $145 million to buy 23
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