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home / articles / sunoco s strategic moves 1b 7 eleven deal european t mwn benzinga

SUN - Sunoco's Strategic Moves: $1B 7-Eleven Deal European Terminals Acquisition Growth Focus | Benzinga

Sunoco LP (NYSE: SUN) disclosed a deal for selling 204 convenience stores to 7-Eleven for around $1 billion, including customary fuel and merchandise inventory adjustments

As part of the sale, Sunoco will also amend its existing take-or-pay fuel supply deal with 7-Eleven to incorporate additional fuel gross profit. 

The company will allow proceeds from the sale to materially reduce leverage to execute future growth opportunities while maintaining a strong balance sheet and multi-year distribution ...

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Stock Information

Company Name: Sunoco LP representing limited partner interests
Stock Symbol: SUN
Market: NYSE


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