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Stock Market & Financial Investment News

News Breaks
August 20, 2013
13:41 EDTKMR, KMP, KMIKinder Morgan says one person injured in fire, Bloomberg reports
A Kinder Morgan spokesman said one person was injured during a fire at the company's Louisiana facility, Bloomberg reports. The company sees no customer impact from the fire, which has been put out, the spokesman told Bloomberg. The person injured was burned on the right shin.
News For KMI;KMP;KMR From The Last 14 Days
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February 1, 2016
11:45 EDTKMIKinder Morgan closes acquisition of 15 BP terminals
Kinder Morgan, Inc. (KMI) closed the previously announced plan to acquire 15 refined products terminals from BP Products North America (BP) in a transaction valued at approximately $350M. Kinder Morgan and BP Products North America have also formed a joint venture limited liability company terminal business to own 14 of the acquired assets, which Kinder Morgan will operate and market on the JV's behalf. The fifteenth terminal will be owned and operated solely by KMI. In connection with the transaction, BP has entered into commercial agreements securing long-term storage and throughput capacity from the JV, which will market additional capacity to third-party customers. Kinder Morgan owns a 75% interest in the JV, with BP owning the balance. This investment is included in Kinder Morgan's 2016 capital plan as discussed in its Jan. 27 investor conference, the company noted.

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