Delek US Holdings has agreed to sell 100 percent of its equity interests in the Delek subsidiaries that operate its retail business to a subsidiary of Fomento Economico Mexicano SAB de CV for a cash consideration of $385 million. The transaction, announced Aug. 1, is expected to close in the third quarter of 2024. Delek was represented by Baker Botts. Fomento, which is based in Mexico, was advised by a Baker McKenzie team led by partner Tyler Hilton.
Energy
August 07, 2024, 10:48 AM