Baker Botts Represents Tallgrass Development, LP in Sale of 24.99 Percent Membership Interest in Rockies Express Pipeline LLC
Tallgrass Energy Partners, LP (NYSE:TEP) announced that it has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (“REX”) from Tallgrass Development, LP for cash consideration of $400 million effective March 31, 2017. The acquisition increases TEP’s ownership interest in REX to approximately 50 percent.
Baker Botts represented Tallgrass Development, LP and its affiliates in this transaction with a team including Mollie Duckworth (Picture), Jon Nelsen and Rachel Ratcliffe.
Law Firms: Baker Botts;
Clients: Tallgrass Energy Partners, LP ;