SAN ANTONIO — Following a review of West Coast assets that led to a decision to essentially swap them strategically for previously acquired retail sites in the Southeast, CST Brands Inc. has entered into a definitive agreement to sell store operations in the California and Wyoming markets to 7-Eleven Inc. and its subsidiary, SEI Fuel Services Inc.
The transaction includes 76 stores in California and three stores in Wyoming.
CST will not maintain the wholesale fuel contracts on the divested California and Wyoming stores, Kim Lubel, chairman, president and CEO of CST, said during the company’s first-quarter 2016 earnings call. “We’re doing a full market exit from California and Wyoming,” she said.”
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Published in CSP Daily News.