Valero completes purchase of Chevron UK refinery

August 01, 2011 | Budget & Investment

 

Valero_HQ_San_Antonio

Valero Energy Corporation said on Monday that it has completed its transaction for Chevron’s Pembroke refinery in Wales.

Valero, the largest independent refiner in theUnited States, bought the refinery and marketing and logistics assets in the United Kingdom and Ireland, the statement said.

“The purchase price was $730 million, excluding working capital, and was funded from available cash,” it said.