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Kinder Morgan To Acquire KKR Interest In Midstream Assets For $300 Million

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Business Wire
April 26, 2012

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Kinder Morgan Energy Partners, L.P. (NYSE: KMP), signed a definitive agreement with an investment vehicle affiliated with Kohlberg Kravis Roberts & Co. L.P., (KKR) whereby KMP will purchase from KKR its 50% interest in the joint venture that owns the Altamont gathering, processing and treating assets in the Uinta Basin in Utah and the Camino Real Gathering System in the Eagle Ford shale for $300 million in KMP common units. El Paso Corp. (NYSE: EP) owns the other 50% of the joint venture. KMP anticipates this transaction will close subsequent ...

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