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Exterran Holding, Inc. announces new standalone publicly traded company

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According to BUSINESS WIRE, Houston based Exterran Holdings, Inc. (NYSE: EXH) announced Monday a plan to separate its international contract operations, international aftermarket services and global fabrication businesses into a standalone, publicly traded company (SpinCo), forming two independent entities.

After the transaction, Exterran Holdings (RemainCo) will be a pure-play U.S. compression services business. RemainCo will hold interests in Exterran Partners, L.P. (NASDAQ:EXLP).

Brad Childers, Exterran Holdings’ President and CEO states, “This transaction is an extension of our efforts to enhance the performance and unlock the value of all the businesses in the Exterran Holdings portfolio and is consistent with the board of directors’ commitment to create long-term, sustainable shareholder value.”

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