BRIEF-Gibson Energy to explore sale of its industrial propane business

Wed Jul 20, 2016 5:12pm EDT
 
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July 20 (Reuters) - Gibson Energy Inc :

* Engaged RBC capital markets as a financial advisor to assist company with a potential sale

* Gibsons to explore a potential sale of its industrial propane business

* Anticipates it would reinvest net sales proceeds from this potential divestiture into growth opportunities within its infrastructure business

* Making announcement of initiative after receiving certain unsolicited inquiries into possible sale of industrial propane business Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)