Kinder Morgan Energy Partners L.P. (KMP) announced it has signed a definitive purchase and sale agreement to acquire four terminals from Slay Industries for about $98 million.
As part of the transaction, KMP and Slay Industries have entered into a joint venture agreement at the Kellogg Dock coal bulk terminal, in Modoc, Ill., and the newly created North Cahokia terminal in Sauget, which has 175 acres to develop. All of the assets in Sauget have access to the Mississippi River and five rail carriers.
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