Delek US Could Buy Valero Assets

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Delek US Could Buy Valero Assets

03/18/2008
BRENTWOOD, Tenn. -- Delek Group subsidiary and MAPCO Express c-store operator, Delek US Holdings Inc., is one of three frontrunners looking to acquire three refineries in the Southwest U.S. from San Antonio-based Valero Energy Corp., Globes Online reported.

The other bidders include a partnership of Swiss energy company Petroplus Holdings AG and private equity group Blackstone Capital, along with Brazilian energy group Petroleo Brasileiro SA, the report stated.

Valero hired Morgan Stanley to advise it on the sale of the refineries, which are worth an estimated $2 billion, the report stated.