Global Partners to sell natural gas and electricity businessesStaff Writer | January 4, 2017
Global Partners announced that its wholly owned subsidiary, Global Companies, will sell its natural gas marketing and electricity brokerage businesses to Sprague Resources.
Selling business To monetize assets
“The sale of our natural gas marketing and electricity brokerage businesses reflects our ongoing program to monetize assets that are not fundamental to our growth strategy,” said Mark Romaine, the Partnership’s Chief Operating Officer.
“We continue to focus on further optimizing and expanding our core retail and wholesale lines of business.” ■