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Energy Transfer Weighs Sale of Rover Pipeline Stake

  • Pipeline operator hires adviser to explore sale of interest
  • The 33% operated stake could fetch as much as $2.5 billion
  
Photographer: Brent Lewin/Bloomberg
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Energy Transfer LP, the U.S. pipeline giant controlled by billionaire Kelcy Warren, is weighing the sale of its 33% stake in a conduit that carries Appalachian natural gas to customers across the Midwest, according to people familiar with the matter.

The Dallas-based pipeline operator has hired an adviser to pursue a potential sale of its operated interest in the Rover pipeline, said the people, who asked not to be named because the information isn’t public. The stake could fetch as much as $2.5 billion, one of the people said.