Sunoco completes sale of retail heating oil and propane distribution business
Sunoco, Inc. said today that it has completed the previously announced sale of its retail heating oil and propane distribution business to Superior Plus Corp. for approximately $86 million, including working capital.
Sunoco said Tuesday it plans to exit its refining business and will record a pretax charge of between $1.9 billion and $2.2 billion in the third quarter.