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Putting for birdie? Par Petroleum takes aim at shuttered Hawaii refinery

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17 July 2013

Putting for birdie? Par Petroleum takes aim at shuttered Hawaii refinery

Report summary

On July 15, 2013, Tesoro Corporation received antitrust approval from the U.S. government on the sale of its Hawaiian assets. This follows an announcement on June 17, 2013 that its wholly-owned subsidiary, Tesoro Hawaii, LLC had reached an agreement with Par Petroleum, to sell its shuttered Hawaii refinery, retail stations, and related logistics assets for $75 million, excluding inventory valued up to $275 million. The transaction also includes an earn-out agreement of up to $40 million...

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  • Chart 1: valuation of Tesoro's Hawaii assets

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    Putting for birdie? Par Petroleum takes aim at shuttered Hawaii refinery

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