Korea fund buys US oil pipeline stake from Chevron

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SOUTH KOREA/US - South Korea's National Pension Service said it has bought a stake in Colonial Pipeline Co, operator of the largest pipeline linking US Gulf Coast refiners and East Coast markets, to diversify its portfolio.

South Korea's biggest investor purchased the 23.44% stake from Chevron Corp. in partnership with Kohlberg Kravis Roberts & Co., the state fund said in an e-mailed statement today, without disclosin...

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