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Marathon Petroleum to sell its gas stations to 7-Eleven in $21bn deal

Marathon Petroleum to sell its gas stations to 7-Eleven in $21bn deal

Marathon Petroleum has agreed to sell its gas stations to the owners of the 7-Eleven convenience store chain for $21bn in the largest US energy deal of the year. The all-cash agreement with 7-Eleven comes less than a year after Marathon agreed to hive off its convenience-store chain, known as Speedway, under pressure from activist investors including Elliott Management Corp.

Milan
Milan
Top in Business