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Home Terminal News

Targa Resources to sell US storage facilities

September 17, 2018
in Terminal News
1 min read
Targa Resources to sell US storage facilities
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Targa Resources has executed agreements to sell its refined products and crude oil storage and terminalling facilities to an affiliate of ArcLight Capital Partners for $160 million.
The sale of the facilities in Washington and Maryland is expected to close in the fourth quarter and Targa has said it intends to use the proceeds to fund a portion of its growth capital programme.
Evercore Group is serving as Targa’s exclusive financial advisor on the transaction.

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Tank Storage Magazine is published by Easyfairs UK Ltd.

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It has been delivering the latest news, developments, analysis, products and innovations for 15 years.

Published 7 times a year, the publication is read by CEOs, terminal managers, business development managers and senior engineers within the oil, gas and petrochemical market.

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© 2020 Easyfairs UK Ltd | 2nd Floor, Regal House | 70 London Road | Twickenham | TW1 3QS | United Kingdom | Registered in England No. 05067979

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