Delek US Holdings (NYSE:DK) announced this week that it sealed an agreement with Compania de Petroleos de Chile, also known as COPEC, under which the Chilean company will acquire 100% of MAPCO Express and related companies for $535 million in cash.
The deal has been approved by the boards of both companies and is subject to customary regulatory and closing conditions. The deal is slated to close by the end of the year and will be funded with cash on hand. MAPCO operates convenience store chains in eastern and southeastern US under various banners including MAPCO Express, MAPCO Mart, East Coast, Fast Food and Fuel.
Share this:
