Delek To Sell MAPCO Express And Certain Related Companies - Quick Facts

(RTTNews) - Delek US Holdings, Inc. (DK) announced it has entered into a definitive agreement with Compañía de Petróleos de Chile COPEC S.A., pursuant to which Delek will sell MAPCO Express, Inc., and certain related affiliated companies to a U.S. subsidiary of COPEC for total cash consideration of $535 million plus MAPCO's cash on hand at closing.

MAPCO is a convenience store chain with 348 corporate stores operating primarily in Tennessee, Alabama and Georgia, with additional presence in Arkansas, Virginia, Kentucky and Mississippi. MAPCO also provides fuel to 142 dealer locations as of July 31, 2016, and provides logistical fuel transportation to MAPCO and third parties with approximately 50 tractors and trailers.

Delek will continue to supply fuel to certain MAPCO retail locations under an 18-month supply agreement.