Valero companies rebrand as NuStar

16 February 2007 18:36  [Source: ICIS news]

HOUSTON (ICIS news)--Two former Valero Energy units will change their names to NuStar as a result of their separation from Valero Energy, it was announced on Friday.

Valero LP and Valero GP Holdings, LLC will change their names to NuStar Energy, LP and NuStar GP Holdings, LLC respectively, Valero Energy said.

Valero said the introduction of both companies will coincide with the launch of the newly rebranded websites and the first day they begin trading under new ticker symbols on the New York Stock Exchange (NYSE).

NS will be NuStar Energy, LP’s ticker on the NYSE, while NGP will be the NuStar GP Holdings, LLC ticker.

Valero LP is publicly traded company based in San Antonio, Texas, and operates 9,303 miles of pipeline, 87 terminal facilities and four crude oil storage facilities. The company has operations in the US, UK, Netherlands Antilles, Canada, Mexico and the Netherlands.

Valero GP Holdings, LLC is a publicly traded company that owns 2% general partner interest, a 21.4% limited partner interest and the incentive distribution rights in Valero LP.

By: Brian Balboa
+1 713 525 2653

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