NGL Energy to buy pipeline company for $890 mln

Reuters

Nov 6 (Reuters) - Propane gas supplier NGL Energy PartnersLP said it would buy Gavilon LLC, a pipeline companypartly owned by funds managed by Soros Fund Management, for $890million.

Gavilon mainly operates integrated oil storage, terminal andpipeline assets in Oklahoma, Texas and Louisiana and has acomplementary crude oil and refined products supply, marketingand logistics business, NGL said.

Other Gavilon shareholders are funds controlled by OspraieManagement and General Atlantic.

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