UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 13, 2005

VALERO L.P.
(Exact name of registrant as specified in its charter)

 

 

 

Delaware

1-16417

74-2956831

State or other jurisdiction

(Commission File Number)

(IRS Employer

Of incorporation

 

Identification No.)

 

 

 

One Valero Way

 

San Antonio, Texas

78249

(Address of principal executive offices)

(Zip Code)

 

 

Registrant’s telephone number, including area code: (210) 345-2000

 

_______________________

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[

] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[

] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[    ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[    ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

 

 

Item 8.01

Other Events.

On December 13, 2005, Support Terminals Operating Partnership, L.P. (“STOP”), a wholly owned subsidiary of Valero L.P. (the “Partnership”), entered into a definitive agreement (the “Agreement”) to sell the shares of ST Australia Pty, Ltd. and Kaneb Terminals Limited (together, the “Companies”), both of which are wholly owned subsidiaries of STOP, to ANZ Terminals Pty Ltd. (“Buyer”). The purchase price for the Companies is $65 million plus net working capital in excess $1 million.

The Companies own and operate all of the Partnership’s assets in New Zealand and Australia.

Edward D. Doherty, who was the Chief Executive Officer and Chairman of the Board of Kaneb Pipe Line Company LLC, the general partner of Kaneb Pipe Line Partners, L.P., is a Director of Buyer.

 

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

VALERO L.P.

 

 

 

 

 

 

 

By:

Riverwalk Logistics, L.P.
its general partner

 

 

 

 

 

 

 

 

 

 

 

 

By:

Valero GP, LLC
its general partner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date: December 19, 2005

 

 

By:

/s/ Amy L. Perry

 

 

 

Name:

Amy L. Perry

 

 

 

Title:

Assistant Secretary

 

 

 

 

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