Exit: Is Cardinal Midstream III selling to Energy Transfer?


[Context: Cardinal Midstream III may being sold to Energy Transfer Equity. On February 28, the FTC granted early termination to Energy Transfer’s acquisition of Cardinal PA Holdings, LLC. (See notice below) Cardinal received a $200m equity commitment from EnCap Flatrock in May 2013. According to the state of Pennsylvania, Cardinal is a pipeline operator in the state.]

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