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Energy Transfer to sell stake in Sunoco LLC to Sunoco LP

Published 2015-11-16, 07:12 a/m
© Reuters.  Energy Transfer to sell stake in Sunoco LLC to Sunoco LP

Nov 16 (Reuters) - Energy Transfer Partners LP ETP.N said
it would sell its 68.42 percent stake in convenience store
operator Sunoco LLC to Sunoco LP SUN.N for about $2.23
billion.
Sunoco LP will pay Energy Transfer Partners about $2.2
billion in cash and issue about 5.7 million common units.

Both Sunoco and Energy Transfer Partners are master-limited
partnerships formed by pipeline operator Energy Transfer Equity
LP ETE.N .

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