Valero LP Buys Oil Facility

09/20/06 - 10:07 AM EDT

TSC Staff

Valero L.P. (VLI Quote - Cramer on VLI - Stock Picks) agreed to acquire the St. James crude oil facility in Louisiana for $140 million.

  • Market Activity
The facility is owned by Koch Supply & Trading. Valero expects to close the acquisition during the next 90 days, pending regulatory approvals.

Shares of Valero were rising 14 cents to $50.13.

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