Plains All American Pipeline, L.P. and Plains GP Holdings (Plains) have announced plans to voluntarily transfer the stock exchange listings of their common equity securities from the New York Stock Exchange to The Nasdaq Global Select Market effective 11 December, 2020 after market close. PAA common units and PAGP Class A shares will begin trading as Nasdaq-listed securities on 14 December, 2020 under their existing ticker symbols.
“The transfer from NYSE to Nasdaq aligns with Plains’ ongoing commitment to reduce costs,” said Willie Chiang, Plains’ Chairman and CEO. “We thank the NYSE for their valued partnership with Plains for more than 20 years, and we look forward to our new relationship with Nasdaq.”
PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL) and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 6 million bpd of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas.
PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas.
Read the article online at: https://www.worldpipelines.com/business-news/02122020/plains-all-american-pipeline-and-plains-gp-holdings-announce-transfer-of-stock-exchange-listings/