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Chevron To Sell Fuels Marketing And Aviation Businesses

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bimjim
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Chevron To Sell Fuels Marketing And Aviation Businesses

Unread post by bimjim » Fri Nov 19, 2010

http://www.rttnews.com/Content/QuickFac ... 85353&SM=1

Chevron To Sell Fuels Marketing And Aviation Businesses
11/18/2010

(RTTNews) - Thursday, integrated energy company Chevron Corp. (CVX: News ) said it agreed to sell its fuels marketing and aviation businesses in Antigua, Barbados, Grenada, Dominica, St. Lucia, St Vincent, Guyana, St. Kitts, French Guiana, Martinique, Guadeloupe, Trinidad, Nicaragua, Costa Rica and Belize to Vitogaz, S.A., a wholly-owned subsidiary of RUBIS, an international downstream petroleum company based in France. The transactions are expected to close in full by the third quarter 2011.

Under the terms of the agreement, RUBIS would buy a network of 174 service stations operating under the Texaco brand, an equity interest in an associated refinery operation, proprietary and joint-venture terminals and aviation facilities, and Chevron's commercial and industrial fuels business.

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