Shell Midstream applies for US IPO
Shell Midstream Partners intends to apply to list the common units on the New York Stock Exchange under the ticker symbol “SHLX”. The offering is expected to occur in the second half of this year.
Shell Midstream Partners was formed as a vehicle to own, operate, develop and acquire pipelines and other midstream assets. Headquartered in Houston, Texas, Shell Midstream Partners’ initial assets are expected to consist of ownership interests in four onshore and offshore pipelines located primarily in Texas and Louisiana.
Barclays and Citigroup are acting as book-running managers and structuring agents for the proposed offering. The offering will be made only by means of a prospectus.
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/19062014/shell_midstream_applies_for_us_ipo/
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