American Midstream Partners will sell its marine products terminalling business to institutional investors for $210 million.
The divestiture of the marine products terminals, including the Harvey and Westwego terminals located in the Port of New Orleans and the Bunswick terminal located in the Port of Brunswick in Georgia, is a continuation of the company's previously announced non-core asset divestiture programme.
The move future simplifies the company's business profile, providing the foundation to further scale its core strategic assets.
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