MLBVMain Line Block Valve (pipeline transportation)
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MLBV, an indirect fully-owned subsidiary of ML&Co, is the entity that survived the tie-up, which will take effect as of 1 January 2013.
All of MLSA outstanding securities have become obligations of MLBV and will continue to be guaranteed by ML&Co and its parent Bank of America Corp (NYSE:BAC).
The ownership structure of MLBV will remain the same as that of MLBV.