Suburban Propane: Gains on deal to acquire 39% stake in Oberon Fuels

Suburban Propane Partners

17/09/2020 20:29

** Shares of propane distributor  SPH.N  up 1.7% at $13.81
in afternoon trade 
    ** Co to acquire 39% stake in California-based Oberon Fuels
which makes renewable dimethyl ether (rDME) transportation fuel
 urn:newsml:reuters.com:*:nASA016IW
    ** Oberon's rDME fuel is cost-effective, low-carbon,
zero-soot alternative to petroleum diesel
    ** SPH to provide additional funding to support efforts to
begin commercializing rDME/propane blended product
    ** SPH stock down 37% YTD 

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))