UPDATE 1-Mexico's Femsa announces acquisition of Delek US Holdings unit
Reuters · 08/01 13:32
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Adds transaction details
Aug 1 (Reuters) - Mexico's FEMSA, announced on Thursday that it has entered into definitive agreements to acquire the retail operations of Delek US Holdings DK.N for $385 million.
The deal comprises 249 convenience stores, primarily located in Texas, and also includes the purchase of inventories.
FEMSA FEMSAUBD.MX, which controls one of the largest Coca-Cola bottlers and a string of convenience store chains, added that the transaction is subject to customary regulatory approvals but it is expected to close during the second half of 2024.
Delek US Holdings, a downstream energy company focusing on crude refining, is divesting its retail operations.
(Reporting by Natalia Siniawski; Editing by Aida Pelaez-Fernandez)
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