Capital: Riverstone buys stake in Kinder NGL pipeline


[Context: Kinder Morgan sold a stake in its Utopia NGL pipeline, running from Ohio to Ontario, to Riverstone. The deal includes 50% of the cost of the $500m pipeline plus “a payment in excess of capital expenditures to recognize the value created by KMI in developing the project to this stage.” Credit Suisse advised.]

Kinder Morgan Sells 50% Equity Interest in Utopia Pipeline Project to Riverstone Investment Group

Pipeline to Serve as Critical Outlet for Utica Ethane to Growing Petchem Market

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