Announced
Completed
Financials
Tags
United States
oil refinery
Oil Refining and Marketing
Acquisition
Single Bidder
Private
Friendly
Majority
Completed
Synopsis
PBF Energy, a petroleum refiner and supplier, completed the acquisition of Martinez refinery and related logistics assets for $1.2bn from Shell. "The acquisition of Martinez is a significant strategic step for PBF as we expand our West Coast operations. Martinez is a top-tier asset, is a perfect complement to our existing assets, and provides increased opportunities for PBF's West Coast operations to deliver value," Tom Nimbley PBF Chairman and Chief Executive Officer.
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