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American Midstream Enters Definitive Agreement to Sell Propane Business for $170 Million; Commences Capital Redeployment Strategy

HOUSTON--(BUSINESS WIRE)--American Midstream Partners, LP (NYSE:AMID) (“Partnership” or “AMID”) announced it has entered into a definitive agreement for the sale of the Partnership’s Propane Marketing and Services (“Propane”) business to SHV Energy N.V. for $170 million in cash, subject to working capital adjustments. The transaction is expected to close in the third quarter of 2017.