November 1, 2007 / 11:45 AM / 11 years ago

Williams Partners signs pact to buy gas assets for $750 mln

Nov 1 (Reuters) - Williams Partners L.P. (WPZ.N) said it signed a letter of intent with its parent Williams Cos Inc (WMB.N) to buy an interest in a cryogenic facility and related assets in Wamsutter for $750 million. The facilities include the echo springs cryogenic processing plant and related natural gas gathering system near Wamsutter, Wyoming, the company said in a statement.

The transaction is expected to add to distributable cash flow, the company added. (Reporting by Anant Vijay Kala in Bangalore)

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