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Williams Partners to sell stake in petrochem plant for $2.1 bln
April 17, 2017 / 12:05 PM / in 6 months

Williams Partners to sell stake in petrochem plant for $2.1 bln

April 17 (Reuters) - Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion cash.

Williams Partners said its units would enter into long-term supply and transportation agreements with Nova after the deal closes, the company said on Monday.

Reporting by Ahmed Farhatha in Bengaluru; Editing by Sriraj Kalluvila

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