El Paso Pipeline Partners Buys Stakes in Southern LNG Elba Express

El Paso Pipeline Partners pronounced currently it has concluded to buy a 51 percent state in both Southern LNG Company and El Paso Elba Express from El Paso Corporation for $810 million. El Paso Corporation will go on to own the superfluous interests in the dual companies.El Paso Pipeline Partners pronounced the partnerships largest merger to date broadens the item base, and fits well with the solid money upsurge profile.emailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssforbes:http://www.forbes.com/2010/03/25/el-paso-pipeline-partners-buys-stakes-in-southern-lng-elba-express-marketnewsvideo.html?partner=yahoobuzzThe play of both companies have authorized the transaction, and design it to close by the finish of the month.El Paso Pipeline Partners shares are trade reduce by scarcely 2.4 percent, whilst El Paso Corporation ( EP - news - people ) shares are trade higher by over half a percent.Market News Video produces and distributes online videos about bonds and investing.
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