BP Midstream Plans IPO Of Shares

Published: Jul 18 2017
Deal Summary

BP Midstream Partners, a company that provides midstream services, and a wholly-owned subsidiary of BP P.L.C., an integrated oil and gas company, intends to issue shares, in an initial public offering.

BP Midstream provides logistics services and owns Gulf Coast and Midwest pipeline assets that transport crude oil, natural gas and refined products.

The company intends to use the proceeds from the offering for general corporate purposes.

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