ExxonMobil sells On the Run franchise and some sites to Canada's Couche-Tard

摘要

Watch for ExxonMobil and Canadian c-store aggregator Alimentation Couche-Tard to execute more real estate deals in the next 20 months, say petroleum real estate experts following Couche-Tard's purchase of nearly 50 "On the Run" c-stores in Phoenix and the franchise rights to another 450 stores operated by dealers and distributors. Price tag was face-down but the deal is expected to close in late May.rnExxonMobil's move to divest its c-store brand and company-owned operations was not unexpected, giventhat the refiner plans to sell all its company-owned real estate to jobbers.