Benzinga | Jun 10, 2021 08:52AM EDT

Magellan Midstream Announces Sale Of Independent Terminals For $435M

Magellan Midstream Partners, L.P. (NYSE:MMP) announced today an agreement to sell its independent terminals network comprised of 26 refined petroleum products terminals with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye Partners, L.P. for $435 million.