bp p.l.c. and its affiliates (‘bp’) and BP Midstream Partners LP (‘BPMP’) has announced that a bp US affiliate has completed the previously announced acquisition of all outstanding common units of BPMP not already owned directly or indirectly by bp or its affiliates, which has resulted in BPMP becoming a wholly-owned subsidiary of bp.
Effective with the opening of markets on 5 April 2022, BPMP’s common units will no longer be listed on the New York Stock Exchange (NYSE), and it will cease to be a publicly traded company.
Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.
The April issue includes a keynote article on regulations and compliance, along with technical articles on horizontal directional drilling, integrity systems and pipeline mapping.
Read the article online at: https://www.worldpipelines.com/business-news/06042022/bp-completes-acquisition-of-bp-midstream-partners-lp/