Apex Trader Funding - News
Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance Range
DALLAS, April 17, 2024 /PRNewswire/ -- Sunoco LP (NYSE:SUN) ("SUN" or the "Partnership") today announced the completion of the acquisition of liquid fuels terminals from Zenith Energy and the divestiture of 204 convenience stores to 7-Eleven, Inc. ("7-Eleven"). Both transactions were completed at highly attractive multiples and are immediately accretive to unitholders on key metrics.
Including the impact from the European terminal acquisition and West Texas divestiture, the Partnership continues to expect full year 2024 Adjusted EBITDA(1)(2) to be in a range of $975 million to $1 billion.
European Terminals Acquisition On March 13, 2024, SUN completed the acquisition of one hundred percent of the equity interest in Zenith Energy Netherlands Amsterdam B.V. for €170 ...