Flint Hills Resources to Buy Interest in PetroLogistics LP

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02 Jun 2014 13:51 Valerie Rose

CHEMMONITOR.COM - A subsidiary of US multinational corporation Koch Industries, Inc., refining, chemicals and biofuels company Flint Hills Resources, is apt to buy the major propylene producer in the USA, PetroLogistics LP, in an all-cash deal (USD 2.1 billion), including debt.

Within the framework of the deal, Flint Hills Resources is also going to purchase shares in PetroLogistics GP.

 

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