Motor fuels distributor Sunoco LP said on Thursday it has agreed to sell 204 convenience stores in West Texas, New Mexico and Oklahoma to 7-Eleven Inc for about $1.0 billion, reports Reuters.
Sunoco said the proceeds from the sale will allow them to materially reduce leverage and help them with future growth.
The Dallas-based company also announced it will acquire liquid fuels terminals in Amsterdam in the Netherlands and Bantry Bay in Ireland from Zenith Energy. Sunoco did not provide a transaction value was for the deal.
Sunoco to sell 204 stores to 7-Eleven for $1b
FE Team | Published: January 11, 2024 22:20:48
Sunoco to sell 204 stores to 7-Eleven for $1b
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