Oct 30 (Reuters) - Inter Pipeline Ltd IPL.TO :
* INTER PIPELINE ANNOUNCES ACQUISITION OF MULTINATIONAL EUROPEAN BULK LIQUID STORAGE BUSINESS
* INTER PIPELINE LTD - DEAL FOR USD$270 MILLION
* INTER PIPELINE LTD - DEAL INCREASES INTER TERMINAL'S STORAGE CAPACITY BY APPROXIMATELY 33 PERCENT TO 37 MILLION BARRELS
* INTER PIPELINE LTD - NO THIRD PARTY DEBT WILL BE ASSUMED UNDER TERMS OF TRANSACTION
* INTER PIPELINE LTD - EXPECTS ACQUIRED BUSINESS TO GENERATE ABOUT CAD$40 MILLION IN AVERAGE ANNUAL EBITDA, OVER NEXT SEVERAL YEARS
* INTER PIPELINE - DEAL FUNDING TO BE PROVIDED BY COMMON SHARE ISSUANCE & AVAILABLE CAPACITY ON ITS COMMITTED REVOLVING CREDIT FACILITY
* INTER PIPELINE LTD - TO ACQUIRE 100 PERCENT OF ISSUED SHARE CAPITAL OF NUSTAR ENERGY, L.P.'S EUROPEAN BULK LIQUID STORAGE BUSINESS