7-Eleven owner is buying Marathon Petroleum's Speedway gas stations for $21 billion

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7-Eleven owner is buying Marathon Petroleum's Speedway gas stations for $21 billion
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The Japanese owner of 7-Eleven is buying the Speedway chain of gas stations from Marathon Petroleum for $21 billion.

Tokyo The Japanese owner of 7-Eleven is buying the Speedway chain of gas stations from Marathon Petroleum for $21 billion.

The two firms announced the cash deal in a statement late Sunday. It's one of the biggest acquisitions in the world to be announced since the coronavirus pandemic hit earlier this year. Japanese retail giant Seven & i Holdings — which owns 7-Eleven and other outlets, including supermarket chain Ito-Yokado and the Sogo and Seibu department stores — says it is the largest in the company's history.

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Marathon Petroleum sells Speedway to 7-Eleven owner for $21 billionMarathon Petroleum sells Speedway to 7-Eleven owner for $21 billionMarathon Petroleum has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak.
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