KKR to Invest $625 Million in Natural Gas Plants

Buyout shop Kohlberg Kravis Roberts & Co. plans to invest as much as $625 million in a partnership with El Paso Corp., an energy company, Reuters reported. The deal will focus on developing natural gas processing plants and pipelines. The private equity firm will pay $125 million for a 50% stake in El Paso's Altamont gas gathering and processing assets, Reuters said. The firm will spend up to $500 million more for future projects.

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