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SVNDY Seven and I Holdings Company Ltd (PK)

13.02
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Seven and I Holdings Company Ltd (PK) USOTC:SVNDY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 13.02 12.94 13.09 0.00 11:37:02

Sunoco to Buy European Liquid-Fuel Terminals

11/01/2024 12:53pm

Dow Jones News


Seven and I (PK) (USOTC:SVNDY)
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By Ben Glickman

 

Sunoco will look to acquire liquid fuels terminals in the Netherlands and Ireland.

The fuel-distributor limited partnership said it intended to acquire 100% of the equity interest in Zenith Energy Netherlands Amsterdam, which includes terminals in Amsterdam and Bantry Bay, Ireland.

Sunoco said the appropriate Dutch works council consultation and information processes are currently underway, and the purchase price will be announced after these processes are complete.

Sunoco said the deal will provide supply optimization for its East Coast business and is expected to close in the first quarter.

The acquisition will be funded with Sunoco's revolving credit facility.

Sunoco also said it would sell 204 convenience stores in the U.S. to Seven & i Holdings-owned 7-Eleven for nearly $1 billion.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

January 11, 2024 07:38 ET (12:38 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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