News Column

VTTI Energy Partners LP Prices Initial Public Offering At $21 Per Common Unit

August 15, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- VTTI Energy Partners LP ("VTTI") announced the pricing of its initial public offering of 17,500,000 common units representing limited partner interests at $21.00 per common unit. The common units are being sold by VTTI MLP Partners B.V. (the "Selling Unitholder"). The Selling Unitholder, has granted the underwriters an option to purchase up to an additional 2,625,000 common units at the initial public offering price. The common units are expected to begin trading on the New York Stock Exchange on August 1, 2014 under the ticker symbol "VTTI." The offering is expected to close on August 6, 2014, subject to customary closing conditions.

Upon the consummation of the offering, the public will own an approximate 42.6% limited partner interest in VTTI (or an approximate 49.0% limited partner interest if the underwriters exercise in full their option to purchase additional common units). The Selling Unitholder will own the remaining approximate 55.4% limited partner interest in VTTI (or an approximate 49.0% limited partner interest if the underwriters exercise in full their option to purchase additional common units) and the general partner of VTTI.

Keywords for this news article include: Banking and Finance, VTTI Energy Partners Lp.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Energy Weekly News


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters