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US: 7-Eleven’s parent slurps up Sunoco stations for $3.3bn

 |  April 6, 2017

7-Eleven’s corporate parent, the Japanese company Seven & i Holdings, is gulping down a big US expansion.

Seven & i Holdings on Thursday said it would buy convenience stores and gas stations from Texas-based Sunoco for about $3.3 billion, as the Japanese retailer closes in on its goal to reach 10,000 North American outlets. The Sunoco stores are located in 18 states, including Florida and Texas as well as states in the Northeast and mid-Atlantic regions.

The operator of the 7-Eleven chain of convenience stores has been aggressively opening stores in Japan as well as the United States, where it has been acquiring stores from local retailers.

Full Content: New York Times

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