finance.yahoo.com

Par Pacific Agrees to Sell Laramie Energy Stake for $146M

Par Pacific Holdings logoPar Pacific Holdings
Sig3.20Sen+2.20Env+0.80Soc0.00Gov+0.70

Par Pacific Holdings agreed to sell its 46% noncontrolling stake in Laramie Energy, a western Colorado natural gas producer, after Laramie reached an agreement to sell most assets for $485M. Par expects about $146M in consideration and could receive up to $30M more in earn-out payments. The deal is expected to close by end of 2026, with proceeds to support refining and its ~120 convenience and fueling sites in Idaho, Washington and Hawai’i.

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