Akin Gump Advises Energy Transfer Partners in Drop-Down Transaction

(Houston) – Energy Transfer Partners, L.P. and Sunoco LP (SUN) have announced the drop-down to SUN of the remaining 68.42 percent interest in Sunoco, LLC and 100 percent interest in the legacy Sunoco retail business for approximately $2.226 billion. Akin Gump advised Energy Transfer Partners in the matter, which will be effective as of January 1, 2016, and is expected to close in February 2016.

The Akin Gump team advising Energy Transfer Partners was led by oil and gas partner Chris LaFollette, who serves as partner in charge of the firm’s Houston office. She was joined by oil and gas partner John Goodgame, tax partners Alison Chen and Thomas Weir, and oil and gas associates Heather Ashour and Erik Shoemaker.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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