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.
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.
Read Next
Latest on Business deals
