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Sunoco Completes European Terminal Acquisition From Zenith Energy, Sale of Convenience Stores; Reaffirms Guidance
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Sunoco Completes European Terminal Acquisition From Zenith Energy, Sale of Convenience Stores; Reaffirms Guidance
Apr 17, 2024 8:21 AM

10:51 AM EDT, 04/17/2024 (MT Newswires) -- Sunoco ( SUN ) said Wednesday it has completed the acquisition of European liquid fuel terminals from Zenith Energy and the sale of 204 convenience stores to 7-Eleven.

Sunoco ( SUN ) acquired the liquid fuels terminals in the Netherlands and Ireland from Zenith Energy, while the sale of stores in West Texas, New Mexico, and Oklahoma were sold for roughly $1 billion.

The company also said it continues to expect full year 2024 adjusted EBITDA of $975 million to $1 billion, which includes the impact from the two transactions.

Shares of Sunoco ( SUN ) were more than 2% higher in recent trading.

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