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InstarAGF – Acquisition of jet fuel pipeline business in USA

InstarAGF Asset Management has acquired the jet fuel pipeline and terminal facilities serving major airports in the United States from publicly-traded Buckeye Partners for USD 450m. The assets include a jet fuel pipeline from Port Everglade, Florida to the airports in Fort Lauderdale and Miami, pipelines and terminal facilities serving the airports in Reno, Nevada, San Diego, California and Memphis, Tennessee.