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Phillips 66 to divest 25% stake in REX to Tallgrass Energy subsidiary

By Yahoo! Finance   |   Jun 17, 2024 at 06:59 AM EST
Phillips 66 to divest 25% stake in REX to Tallgrass Energy subsidiary

Phillips 66 is selling its 25% stake in Rockies Express Pipeline to Tallgrass Energy for $1.28bn. The sale will give Tallgrass full ownership and provide Phillips 66 with $685m in cash.

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