HubsBaker Botts Represents Tallgrass Development, LP in Sale of 24.99 Percent Membership Interest in Rockies Express Pipeline LLC
Release
Deal Description: April 3, 2017 - Tallgrass Energy Partners, LP (NYSE:TEP) announced that it has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (“REX”) from Tallgrass Development, LP for cash consideration of $400 million effective March 31, 2017. The acquisition increases TEP’s ownership interest in REX to approximately 50 percent.
Baker Botts represented Tallgrass Development, LP and its affiliates in this transaction.
Baker Botts Lawyers/Office Involved: Mollie Duckworth (Partner, Austin); Jon Nelsen (Partner, Austin); Rachel Ratcliffe (Corporate Associate, Austin)
For more information, please see TEP’s news release.
Baker Botts represented Tallgrass Development, LP and its affiliates in this transaction.
Baker Botts Lawyers/Office Involved: Mollie Duckworth (Partner, Austin); Jon Nelsen (Partner, Austin); Rachel Ratcliffe (Corporate Associate, Austin)
For more information, please see TEP’s news release.
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