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7-Eleven to Pay $21 Billion for 3,800 Speedway Gas Stations

Japan-Based Parent Company Bets on Rebound in Gas Sales After Pandemic
Speedway gas stations would be part of the 7-Eleven retail empire in the United States and Canada under a purchase agreement from Marathon Petroleum. (Getty Images)
Speedway gas stations would be part of the 7-Eleven retail empire in the United States and Canada under a purchase agreement from Marathon Petroleum. (Getty Images)
By Jennifer Waters
CoStar News
August 3, 2020 | 4:37 P.M.

Seven & i Holdings Co., the world’s largest convenience store retailer and parent of 7-Eleven stores, is bulking up with a $21 billion cash purchase of Speedway gas stations, a deal made during a deep decline in gas sales because of the coronavirus pandemic.

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