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Atlas Pipeline Partners, L.P. Completes Sale of Partnership Interest in Laurel Mountain Midstream Joint Venture to Atlas Energy for $403MM

PHILADELPHIA--(BUSINESS WIRE)--Atlas Pipeline Partners, L.P. (NYSE: APL) (“Atlas Pipeline” or the “Partnership”) reported today that it has completed the sale of its’ 49% interest in the Laurel Mountain Midstream joint venture to Atlas Energy for $403 million, excluding working capital adjustments and fees. Proceeds from the sale may be used to further reduce the Partnership’s outstanding debt and for reinvestment towards the Partnership’s operating assets.