February 13, 2017 / 1:51 PM / 6 months ago

BRIEF-Gibson enters agreement to divest industrial propane business for $412 mln

Feb 13 (Reuters) - Gibson Energy Inc-

* Gibsons enters agreement to divest its industrial propane business for $412 million

* Cash payment of $412 million is expected to be received by gibsons, concurrent with granting of option, no later than April 3, 2017

* Gibson will continue to operate business under direction of current management team Source text for Eikon: Further company coverage:

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