Phillips 66 partners acquires interest in liberty pipeline

Phillips 66 partners acquires interest in liberty pipeline.phillips 66 partners lp - reached agreement with phillips 66 to acquire its 50% interest in liberty pipeline project for approximately $75 million.phillips 66 partners lp - plans to fund transaction through a combination of cash on hand and revolving credit facility.phillips 66 partners lp - terms of transaction were approved by board of directors of general partner of phillips 66 partners.phillips 66 partners lp - cost of pipeline is expected to be approximately $1.6 billion, on a gross basis, or $800 million net to partnership.
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