Kinder Morgan carves out El Paso E&P for US$7.15 billion
A consortium of private equity investors, led by Apollo Global Management, is to acquire El Paso's upstream business (EP Energy Corporation) for US$7.15 billion. It has also been reported that KNOC is involved in the deal, alongside the Private Equity players, although this has yet to be officially verified. The sale has been in the pipeline since Kinder Morgan announced its US$38 billion acquisition of El Paso Corporation in October 2011. Its interest in El Paso is limited to its ...