• Convenience Store News , Tuesday, August 14, 2012 10:40 AM

In a $2.5-billion agreementBP will sell Tesoro Corp. its ARCO retail network across the Southwest and its Carson, Calif., refinery. That includes approximately 800 dealer-operated sites in southern California, Nevada and Arizona, according to Tesoro. The San Antonio-based company will also acquire the ARCO brand and associated registered trademarks, as well as a master franchisee license for the AmPm convenience store brand. As part of the deal, BP will exclusively license the ARCO retail brand rights from Tesoro for northern California, Oregon and Washington and continue to produce transportation fuels at its Cherry Point, Wash., refinery. BP will also retain ownership of the AmPm convenience store brand.

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