El Paso Corp. continued its asset sales program Tuesday with its Florida petroleum terminals and tug and barge operations. The Florida assets, which were acquired in the Coastal Corp. merger in 2001, were sold to TransMontaigne Inc. for $155 million, including an estimated $35 million of product inventory value at closing.
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El Paso Sells Florida Terminals Unit for $155M
El Paso Corp. continued its asset sales program Tuesday with its Florida petroleum terminals and tug and barge operations. The Florida assets, which were acquired in the Coastal Corp. merger in 2001, were sold to TransMontaigne Inc. for $155 million, including an estimated $35 million of product inventory value at closing.
January 15, 2003
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