People & Business :: M&A
BP receives FTC clearance to sell Carson refinery and marketing assets to Tesoro
8:22 AM MDT | May 20, 2013 | Natasha Alperowicz
BP says it has received clearance from the FTC to sell its Carson, CA, refinery and southwest US retail assets to Tesoro and expects to complete the sale in the second quarter of this year. Under the terms of the deal, announced in August 2012, the assets include BP’s Carson refinery and related logistics and marketing assets in the region. Since that time, BP and Tesoro have been providing information to regulatory authorities to enable the parties to gain approval to complete the transaction for approximately $2.5 billion. “With FTC clearance...
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