BP will list midstream business on the stock exchange

By spinning off its midstream business into an independent entity, BP expects to raise solid returns.

Photo: BP

British oil and gas giant BP is planning to list its US pipeline assets as an independent entity on the New York Stock Exchange, reveals BP in a press release.

In July, BP announced that it was considering a model where a large share of the company's North American gas and oil pipeline assets would be spun off from the parent company and registered as a separate entity.

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