Williams Partners signs agreement to purchase Williams’ Geismar cracker

Williams Partners has agreed to acquire Williams’ 83.3% stake in a cracker at Geismar, LA, as well as Williams’ refinery-grade propylene splitter for $2.3 billion. Williams Partners will also acquire pipelines in the Gulf region from Williams for $100 million. Williams Partners plans to fund the acquisition by issuing 42.8-million Williams Partners limited-partner units to Williams, $25 million in cash, and an increase to the general partner’s capital account to maintain Williams’ 2% general-partner interest. The sale is expected to close...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers