Ngpl pipeco llc announces sale of indirect interest in ngpl holdings llc

Houston--(business wire)--ngpl pipeco llc (pipeco) today announced that brookfield infrastructure partners l.p. (nyse: bip; tsx: bip.un) has agreed to sell entities that hold its entire 25.0% minority interest in ngpl holdings llc (ngpl holdings), pipeco's indirect parent company, to one or more funds controlled by arclight capital partners, llc (arclight). upon closing, arclight funds will hold a 62.5% interest in ngpl holdings. kinder morgan, inc. (nyse: kmi) continues to operate pipeco's pip.
BIP Ratings Summary
BIP Quant Ranking