Phillips 66 sells stake in Rockies Express Pipeline to Tallgrass Energy for $1.3bn
Phillips 66 (NYSE: PSX) has finalized a deal to sell its 25% non-operated common equity interest in the Rockies Express Pipeline LLC (REX) to a subsidiary of Tallgrass Energy, LP (TGE). The transaction, valued at an enterprise value of approximately $1.275 billion, will result in Tallgrass Energy assuming full ownership of the common equity interest […]