Kinder morgan, inc. (nyse:kmi), shinhan investment corp., samtan co., ltd., eip investment holdings, llc and kdb infrastructure investments asset management co., ltd acquired 50% stake in utopia pipeline project from riverstone investment group llc.

Kinder morgan, inc. (nyse:kmi), shinhan investment corp., samtan co., ltd., eip investment holdings, llc and kdb infrastructure investments asset management co., ltd acquired 50% stake in utopia pipeline project from riverstone investment group llc on november 25, 2019. shinhan, samtan, eip and kdb entered into a credit agreement with cibc capital markets, ing capital and sociÉtÉ gÉnÉrale to provide debt financing to support the transaction. kinder morgan will remain the pipeline’s operator and continue its ownership in the joint venture. cibc capital markets acted as the financial advisor and lee & ko and winston & strawn llp acted as the legal advisors to shinhan, samtan, eip and kdb. morgan stanley & co. llc acted as the financial advisor and vinson & elkins llp as the legal advisor to riverstone. kinder morgan, inc. (nyse:kmi), shinhan investment corp., samtan co., ltd., eip investment holdings, llc and kdb infrastructure investments asset management co., ltd completed the acquisition of 50% stake in utopia pipeline project from riverstone investment group llc on november 25, 2019.
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