M&A Deal Summary

Delek Petroleum Acquires Chevron Benelux Fuels Marketing Business

On May 24, 2007, Delek Petroleum acquired oil/gas exploration company Chevron Benelux Fuels Marketing Business from Chevron for 460M USD

Acquisition Highlights
  • This is Delek Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Delek Petroleum’s largest (disclosed) transaction.
  • This is Delek Petroleum’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2007-05-24
Target Chevron Benelux Fuels Marketing Business
Sector Oil/Gas Exploration
Buyer(s) Delek Petroleum
Sellers(s) Chevron
Deal Type Divestiture
Deal Value 460M USD

Target

Chevron Benelux Fuels Marketing Business

Netherlands
Chevron's Benelux fuel marketing operations, which include 803 Texaco branded service stations, two fuel terminals in Belgium and Luxembourg, interests in six joint venture retailers in the Netherlands, as well as other related assets.

Search 198,544 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Delek Petroleum

Netanya,, Israel
Category Company
Sector Retail
DESCRIPTION

Delek Petroleum Ltd., through its subsidiaries, operates gas stations, motorway services areas, and refineries.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Chevron

San Ramon, California, United States
Category Company
Founded 1879
Sector Oil/Gas Exploration
Employees45,600
Revenue 196.9B USD (2023)
DESCRIPTION
Chevron office in downtown Houston, Texas.
Chevron office in downtown Houston, Texas.

Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was incorporated in 1879 and is based in San Ramon, California.

DEAL STATS #
Overall 3 of 14
Sector (Oil/Gas Exploration) 3 of 10
Type (Divestiture) 3 of 13
Country (Netherlands) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-30 Societe Shell du Cameroun

Cameroon

Societe Shell du Cameroun, which includes 49 service stations as well as certain other in-country assets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 Venice Energy Services

Venice, Louisiana, United States

Venice Energy Services Co. LLC is consists of two cryogenic trains with a total processing capacity of 750 MMcf/d and a FERC regulated pipeline (the "Venice Gathering System") that gathers gas from the outer continental shelf of the Gulf of Mexico.

Sell -
Mergr

Product

Company

Legal