Delek US Holdings closes $385M sale of retail assets to FEMSA

Delek US Holdings, Inc.

Closed sale of 100% equity in Delek US Retail subsidiaries to FEMSA for ~$385M cash, including inventory.
Sold 249 retail stores located in Texas, New Mexico, and Arkansas.
Entered a 10-year supply agreement for fuel to the acquired entities.
Pro forma gain on sale estimated at $79.7M net of tax; sale will be reported as discontinued operations.
Pro forma cash and cash equivalents increased to $1.04B as of June 30, 2024.

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