Sunoco to sell 204 convenience stores to 7-Eleven for $1bn; to acquire European liquid fuels terminals

By on    Retail Industry News  

Sunoco to sell 204 convenience stores to 7-Eleven for $1bn; to acquire European liquid fuels terminals

Sunoco LP (NYSE: SUN) announced two major business moves: the sale of 204 convenience stores to 7-Eleven, Inc. for approximately $1 billion, and the intended acquisition of liquid fuels terminals in Amsterdam, Netherlands, and Bantry Bay, Ireland, from Zenith Energy. Sunoco LP’s $1.0 Billion Deal with 7-Eleven: A Major Shift in Convenience Store Operations Sunoco […]

Zenith Energy acquires three US West Coast terminals from Plains All

By on    Energy Industry News  

Zenith Energy acquires three US West Coast terminals from Plains All

Zenith Energy U.S. said that it has acquired the Long Beach, Dominguez Hills, and Alamitos Terminals – three interconnected terminals located in greater Los Angeles, from Plains All American Pipeline. The financial terms of the deal were not disclosed. Zenith Energy, which is a Houston-based midstream asset company, said that the acquisition shows its commitment to […]