ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Seven & i in talks on $22bn takeover of US gas station chain

Deal for Speedway's 4,000 outlets would expand Japanese company's US presence

Seven & i Holdings, the operator of 7-Eleven convenience stores in Japan, expects stable profits if it acquires the Speedway U.S. gas station chain.

TOKYO -- Japan's Seven & i Holdings has entered into exclusive negotiations with U.S. petroleum refiner Marathon Petroleum to buy its Speedway gas station division for about $22 billion, Nikkei learned on Thursday.

Speedway operates about 4,000 gas stations in the U.S. that come equipped with convenience stores.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more