Delek US Holdings, Inc. Announces Closing of Sale of Retail Assets to FEMSA
Delek US Holdings, Inc. (NYSE:DK) has successfully closed the sale of its retail business to a subsidiary of FEMSA (NYSE:FMX). The transaction, which was previously announced, involved the sale of 100% of the equity interests in Delek's retail subsidiaries for a cash consideration of approximately $385 million, including inventory purchases.
Avigal Soreq, President and CEO of Delek, expressed satisfaction with the transaction, describing it as an important step in the company's value creation journey. He also indicated a desire to build upon the relationship with FEMSA in the future and extended well wishes to the Delek US Retail employees as they become part of FEMSA's growth strategy in the United States.
Delek US Holdings, Inc. (NYSE:DK) ha chiuso con successo la vendita della sua attività al dettaglio a una sussidiaria di FEMSA (NYSE:FMX). La transazione, precedentemente annunciata, ha comportato la vendita del 100% delle partecipazioni azionarie nelle sussidiarie di vendita al dettaglio di Delek per un corrispettivo in denaro di circa 385 milioni di dollari, inclusi gli acquisti di inventario.
Avigal Soreq, Presidente e CEO di Delek, ha espresso soddisfazione per la transazione, definendola un passo importante nel percorso di creazione di valore dell'azienda. Ha inoltre manifestato il desiderio di approfondire la relazione con FEMSA in futuro e ha esteso i migliori auguri ai dipendenti di Delek US Retail mentre diventano parte della strategia di crescita di FEMSA negli Stati Uniti.
Delek US Holdings, Inc. (NYSE:DK) ha cerrado con éxito la venta de su negocio minorista a una subsidiaria de FEMSA (NYSE:FMX). La transacción, que fue anunciada previamente, involucró la venta del 100% de los intereses accionariales en las subsidiarias minoristas de Delek por un contraprestación en efectivo de aproximadamente 385 millones de dólares, incluyendo compras de inventario.
Avigal Soreq, Presidente y CEO de Delek, expresó su satisfacción con la transacción, describiéndola como un paso importante en el viaje de creación de valor de la empresa. También indicó su deseo de construir sobre la relación con FEMSA en el futuro y extendió sus mejores deseos a los empleados de Delek US Retail mientras se convierten en parte de la estrategia de crecimiento de FEMSA en los Estados Unidos.
Delek US Holdings, Inc. (NYSE:DK)는 FEMSA (NYSE:FMX)의 자회사에 소매 사업 매각을 성공적으로 마감했습니다. 이전에 발표된 거래로, Delek의 소매 자회사의 100% 지분을 약 3억 8500만 달러의 현금 대가로 매각했으며, 여기에는 재고 구매가 포함됩니다.
Avigal Soreq, Delek의 회장 겸 CEO는 이번 거래에 대한 만족감을 표명하며, 이를 회사 가치 창출 여정의 중요한 단계로 평가했습니다. 그는 또한 FEMSA와의 관계를 미래에 더욱 발전시키고자 하는 의사를 나타내며, Delek US Retail의 직원들이 FEMSA의 미국 내 성장 전략에 포함되는 것에 대해 잘 되기를 기원했습니다.
Delek US Holdings, Inc. (NYSE:DK) a conclu avec succès la vente de son activité de vente au détail à une filiale de FEMSA (NYSE:FMX). La transaction, annoncée auparavant, impliquait la vente de 100% des intérêts en capitaux propres dans les filiales de vente au détail de Delek pour une contrepartie en espèces d'environ 385 millions de dollars, y compris les achats de stocks.
Avigal Soreq, Président et CEO de Delek, a exprimé sa satisfaction concernant la transaction, la décrivant comme une étape importante dans le parcours de création de valeur de l'entreprise. Il a également exprimé le désir de développer la relation avec FEMSA à l'avenir et a adressé ses meilleurs vœux aux employés de Delek US Retail alors qu'ils deviennent partie intégrante de la stratégie de croissance de FEMSA aux États-Unis.
Delek US Holdings, Inc. (NYSE:DK) hat erfolgreich den Verkauf seines Einzelhandelsgeschäfts an eine Tochtergesellschaft von FEMSA (NYSE:FMX) abgeschlossen. Die zuvor angekündigte Transaktion umfasste den Verkauf von 100% der Eigenkapitalanteile an Deleks Einzelhandelstöchtern für eine Bargeldzahlung von etwa 385 Millionen US-Dollar, einschließlich Bestandskäufen.
Avigal Soreq, Präsident und CEO von Delek, äußerte Zufriedenheit mit der Transaktion und bezeichnete sie als wichtigen Schritt auf dem Weg zur Wertschöpfung des Unternehmens. Er erklärte außerdem den Wunsch, die Beziehung zu FEMSA in Zukunft weiter auszubauen, und entsandte beste Wünsche an die Mitarbeiter von Delek US Retail, während sie Teil der Wachstumsstrategie von FEMSA in den Vereinigten Staaten werden.
- Successful closing of retail business sale for $385 million cash consideration
- Strategic move aligned with Delek's value creation journey
- Potential for future collaboration with FEMSA
- Divestment of retail business segment may impact overall revenue stream
Insights
The sale of Delek US Holdings' retail assets to FEMSA for
For investors, this divestiture signals a shift in Delek's focus, likely towards its refining and logistics segments. The sale could improve Delek's financial flexibility and streamline operations, potentially leading to improved efficiency and profitability in the long term.
However, the loss of the retail segment may impact Delek's revenue diversification and vertical integration. Investors should closely monitor how management deploys the proceeds and whether this strategic shift translates into enhanced shareholder value. The market's reaction to this news will be important in gauging investor sentiment towards Delek's new direction.
FEMSA's acquisition of Delek's retail assets marks a significant expansion in the U.S. convenience store market. This move aligns with the broader trend of consolidation in the retail fuel and convenience store industry, as larger players seek economies of scale and geographic diversification.
For Delek, divesting its retail segment could be seen as a strategic realignment, potentially allowing the company to focus on its core competencies in refining and logistics. This transaction may improve Delek's competitive position in these areas by freeing up capital and management resources.
Investors should consider the long-term implications of this deal on both companies. For Delek, the key questions revolve around capital allocation and future growth strategies. For FEMSA, this acquisition represents a significant step in its U.S. expansion, which could lead to increased market share and potential synergies with its existing operations.
Avigal Soreq, President, and Chief Executive Officer of Delek, said, “The completion of the sale of Delek US Retail to FEMSA is an important step in our value creation journey. We are pleased with this transaction and look forward to building upon our relationship with FEMSA in the future. I am thankful to Delek US Retail & its employees and wish them success as they become an important part of FEMSA’s growth strategy in the United States.”
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated in
The logistics operations include Delek Logistics Partners, LP (NYSE: DKL). Delek Logistics Partners, LP is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets. Delek US Holdings, Inc. and its subsidiaries owned approximately
Information about Delek US Holdings, Inc. can be found on its website (www.delekus.com), investor relations webpage (ir.delekus.com), news webpage (www.delekus.com/news) and its Twitter account (@DelekUSHoldings).
Safe Harbor Provisions Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning current estimates, expectations and projections about future results, performance, prospects and opportunities and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws.
Investors are cautioned that the following important factors, among others, may affect these forward-looking statements. These factors include but are not limited to: risks and uncertainties with respect to the quantities and costs of crude oil obtained and the price of the refined petroleum products that are ultimately sold; gains and losses from derivative instruments; changes in the scope, costs, and/or timing of capital and maintenance projects; managements’ ability to execute its strategy of growth through acquisitions and the transactional risks associated with acquisitions; acquired assets may suffer a diminishment in fair value which may result in a need to record a write-down or impairment in carrying value of the asset on the balance sheet and a resultant loss recognized in the statement of operations; the effect on the companies’ financial results by the financial results of other entities in which significant equity investment are held; operating hazards inherent in transporting, storing and processing crude oil and intermediate and finished petroleum products; competitive positions and the effects of competition; the projected growth of the industries in which the companies operate; general economic and business conditions, particularly levels of spending relating to travel and tourism or conditions affecting the southeastern
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Investor Relations and Media/Public Affairs Contact:
investor.relations@delekus.com
Source: Delek US Holdings, Inc.
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