By OGJ editors
HOUSTON, Nov. 5 -- San Antonio-based Tesoro Petroleum Corp. signed three separate sale and purchase agreements Nov. 1 to sell 70 retail stations in northern California for a sum total of $67 million in cash, including $5 million in estimated associated working capital.
Purchasing the stations were USA Petroleum Corp., Green Valley Gasoline LLC, and Nella Oil Co. together with Flyers LLC.
The transactions, which are expected to close next month, will not require regulatory approval.