Lotus midstream and encap flatrock midstream agree to sell lotus midstream to energy transfer for $1.45 billion

San antonio & sugar land, texas--(business wire)--lotus midstream (“the company”) and its financial sponsor encap flatrock midstream (“encap flatrock”) today announced they have signed a definitive agreement to sell lotus midstream to energy transfer lp (nyse: et) for approximately $1.45 billion. the transaction is expected to close in the second quarter of 2023, subject to regulatory approval and customary closing conditions.
ET Ratings Summary
ET Quant Ranking