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EPD » Topics » January 2005 acquisition of El Pasos interests in EPD and EPGP by affiliates of EPCO

This excerpt taken from the EPD 8-K filed Mar 31, 2005.

January 2005 acquisition of El Paso’s interests in EPD and EPGP by affiliates of EPCO

 

                In January 2005, an affiliate of EPCO, acquired El Paso’s 9.9% membership interest in EPGP and 13,454,499 of EPD's common units from El Paso for approximately $425 million in cash. As a result of these transactions, EPCO and affiliates own 100% of the membership interests of EPGP and, at March 15, 2005, approximately 38.3% of EPD's total common units outstanding. El Paso no longer owns any interest in EPD or EPGP.

 

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