Buckeye Partners completes $850M terminal buy from Hess Buckeye Partners (BPL) announced that it has completed its purchase of 20 liquid petroleum products terminals with total storage capacity of approximately 39M barrels for $850M from Hess Corporation (HES). This acquisition increases Buckeye's total liquid petroleum storage capacity by approximately 53% to over 110M barrels. Buckeye says it expects the transaction to be immediately accretive to its distributable cash flow per unit, excluding transition-related expenses.
News For BPL;HES From The Last 14 Days
Check below for free stories on BPL;HES the last two weeks.