February 13, 2017 / 1:56 PM / 6 months ago

BRIEF-Gibson Energy to sell its industrial propane business to Superior Plus LP for $412 mln

Feb 13 (Reuters) - Gibson Energy Inc

* Gibson Energy Inc- entered into an agreement to sell its industrial propane business for cash consideration of $412 million to Superior Plus LP

* Gibson Energy Inc - as part of sale, Superior has agreed to 5-year wholesale supply and truck transportation agreements

* Gibson Energy Inc- "transaction will allow us to strengthen our capital structure through debt reduction" Source text for Eikon: Further company coverage:

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