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Why Shell Midstream Partners filed for an initial public offering

Screen Shot 2014-02-10 at 16.29.29Extract from an informative article by Avik Chowdhury published 30 June 2014 by MarketRealist.com

Shell Midstream Partners is a Texas-based company that owns, operates, develops, and acquires pipelines and other midstream assets. Shell has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (or SEC) related to the proposed IPO of limited partner units of the MLP. RDS has proposed to list the new MLP under the symbol SHLX in the New York Stock Exchange (or NYSE). SPLC, the principal midstream subsidiary of Shell in the U.S. will own SHLX’s general partner, a significant limited partner interest and the incentive distribution rights.

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