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Tallgrass completes acquisition of 25% stake in Rockies Express from Sempra

A TallgrassEnergy Partners LP subsidiary has completed the of a 25% interest in from Sempra U.S. Gas & PowerLLC for about $440 million.

Sempra Energyearlier said Rockies Express nolonger fit its strategy and appetite for risk. It struck a deal inMarch to sell the stake to TallgrassDevelopment, which later offered its side of the deal to TallgrassEnergy Partners.