Delek sells 249 retail convenience stores to FEMSA for $385M cash

Delek US Holdings, Inc.

Alon Brands subsidiary sells 100% of retail subsidiaries to Emprex Proximity (FEMSA) for $385M including inventory.
Transaction includes 249 DK-branded stores in Texas, New Mexico, and Arkansas; expected close late Q3/Q4 2024.
Delek will supply motor fuel to the stores under a 10-year agreement post-closing.
Delek cites 'unlock sum-of-parts value' and partnership with FEMSA as strategic benefits.

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