Regulatory News:
Petroplus Holdings AG (SWX:PPHN) announced today that its investment
vehicle, PBF Investments, LLC. is in negotiations to purchase the
terminaling assets and shut down refinery assets in Delaware City from
the Valero Energy Corporation. There is no specific timetable for the
completion of the negotiations and the parties are continuing their
discussions.
Petroplus Holdings AG is the largest independent refiner and wholesaler
of petroleum products in Europe. Petroplus focuses on refining and
currently owns and operates six refineries across Europe: the Coryton
Refinery on the Thames Estuary in the United Kingdom, the Belgium
Refining Corporation Refinery in Antwerp, Belgium, the Petit Couronne
Refinery in Petit Couronne, France, the Ingolstadt Refinery in
Ingolstadt, Germany, the Reichstett Refinery near Strasbourg, France,
and the Cressier Refinery in the canton of Neuchâtel, Switzerland. The
refineries have a combined throughput capacity of approximately 752,000
barrels per day. The company also owns the Teesside facility in
Teesside, United Kingdom.
Petroplus
Tom Trovato, +41 58 580 1166