Enterprise Products Partners L.P. has agreed to sell 22,762,636 Energy Transfer Equity, L.P. common units owned by an Enterprise subsidiary in a private transaction to certain purchasers.

Proceeds of approximately $825.1 million from the sale will be used by Enterprise for general partnership purposes, including funding growth capital projects. Closing of the transaction is scheduled to occur in January 2012.

Enterprise Products Partners L.P. is the largest publicly traded partnership and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.

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