bp along with its affiliates as well as BP Midstream Partners LP (“BPMP”) announced that a bp U.S. affiliate has acquired all outstanding common units of “BPMP”, that were not already owned directly or indirectly by bp or its affiliates. As a result, making BPMP a wholly owned subsidiary of bp.
Beginning from today’s opening of the markets, BPMP’s common units will no longer be listed on the New York Stock Exchange (NYSE) nor will it be a publicly traded company.