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BP presses ahead with plans to spin off US midstream assets
9/12/2017

British oil major BP on Monday filed for an initial public offering of its US midstream business, BP Midstream Partners, which will be organized as a master limited partnership and include BP's Gulf Coast and Midwest pipeline, processing and storage assets. BP plans to launch the IPO on the New York Stock Exchange by the end of the year, aiming to raise up to $100 million.

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