February 23, 2018 / 9:25 PM / 8 months ago

BRIEF-SemGroup Corp To Sell U.K. Petroleum Storage Business

Feb 23 (Reuters) - SemGroup Corp:

* PRESS RELEASE - SEMGROUP CORPORATION TO SELL U.K. PETROLEUM STORAGE BUSINESS

* SEMGROUP SAYS REACHED AGREEMENT TO SELL UNIT TO VALERO LOGISTICS UK LTD, A SUBSIDIARY OF VALERO ENERGY

* SEMGROUP SAYS INTENDS TO USE PROCEEDS FROM SALE TOWARD ITS CAPITAL RAISE PLAN AND TO PRE-FUND CAPITAL GROWTH PROJECTS

* SEMGROUP - DEAL ALSO PROVIDES POTENTIAL EARNOUT PAYMENTS TO BE MADE IF CERTAIN REVENUE TARGETS ARE MET IN 4 YEARS AFTER DEAL CLOSE Source text for Eikon: Further company coverage:

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