FRANKLIN, Tenn. -- Delek US Holdings will break the 400-site mark when its purchase of rights to 25 convenience stores in Nashville, Tenn., closes in December.
As reported in a CSP Daily News Flash yesterday, parent company Delek Group Ltd., Israel, announced that Delek US Holdings had bought the rights in 25 gas stations and convenience stores in Nashville from British energy giant BP for $33.5 million, not including inventory. The deal is expected to be closed in December.
The contract involves ownership rights to 20 gas stations [image-nocss] and leasing rights to five more. It also includes four other real-estate properties slated for gas stations and conveniences stores, including ownership rights for three properties and leasing rights for one property.
Franklin, Tenn.-based Delek added that the stations and c-stores would continue to operate under the BP brand.
Delek operates 381 stores in Alabama, Tennessee and Virginia, 329 of which are operated under the MAPCO Express, Discount Food Mart and East Coast brand names. Delek also reported that the profit of its Texas oil refinery jumped to $72 million for the second quarter.
The sale of the BP stores is part of the Big Oil company's ongoing reconciliation of its assets. In August, Warrenville, Ill.-based BP announced plans to exit the retail market in Nashville with plans to keep the BP flag flying as a branded gasoline supplier.
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