Not every piece of SemGroup, L.P. was included in the company’s Chapter 11 filing back in July. The company’s publicly traded midstream subsidiary, SemGroup Energy Partners LP (NASDAQ:SGLP), was spared, as was SemGroup’s SemLogistics Milford Haven subsidiary in England.
Now, though, SemGroup is looking for a buyer for the largest petroleumstorage facility in England. Milford Haven has 8.5 million barrels ofstorage for everything from crude oil to refined products and SemGroupis offering if for sale through The Blackstone Group (NYSE:BX).SemLogistics is not included in the Chapter 11 proceedings, but there’snot much doubt what this sale is all about, is there?
Paul Ausick
October 16, 2008
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
