Sunoco and The Carlyle Group Completed Formation of Philadelphia Energy Solutions (SUN, CG)
[Under the terms of the joint venture agreement, The Carlyle Group will hold the controlling interest and will oversee day-to-day operations of the joint venture and the refinery]
Online PR News – 10-September-2012 – Las Vegas, NV – Sunoco, Inc. (NYSE:SUN) The Carlyle Group, L.P. (NASDAQ:CG) SUN and CG have recently completed the formation of Philadelphia Energy Solutions, a joint venture that will operate the Philadelphia Refinery. The refinery processes 330,000 barrels of crude oil per day into various refined products. Under the terms of the joint venture agreement, The Carlyle Group will hold the controlling interest and will oversee day-to-day operations of the joint venture and the refinery. In exchange for contributing its refinery assets to the joint venture, Sunoco retained a 33 percent non-operating minority interest. SUN is a leading logistics and retail company. The company owns the general partner interest in Sunoco Logistics Partners L.P. (NYSE: SXL), which consists of a two percent ownership interest and incentive distribution rights, and owns a 32 percent interest in the Partnerships limited partner units. Sunoco Logistics Partners L.P. is an owner and operator of complementary pipeline, terminal and crude oil acquisition land marketing assets. SUN also has a network of approximately 4,900 retail locations in 23 states. For more information about Sunoco, Inc. visit www.sunocoinc.com. CG is a global alternative asset manager with $156 billion of assets under management across 99 funds and 63 fund of fund vehicles as of June 30, 2012. Carlyle's purpose is to invest wisely and create value. Carlyle invests across four segments Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. CG employs 1,300 people in 32 offices across six continents. For more information about The Carlyle Group, L.P. visit www.carlyle.com.
Crown Equity Holdings Inc. (CRWE) As a publishing company, CRWE has been evolving in a worldwide online multimedia advertising publisher. CRWE is paving the way in how we communicate worldwide. From buying and selling goods to how people receive news. The company's focus is on the distribution of current information to a target audience which advertisers want to reach. The Company continues to diversify and the Crown Equity family continues to expand. Crown Equity Holdings family consist of CRWE Press Release (crwepressrelease.com), CRWE Direct (www.crwedirect.com) , CRWE AD Services (www.crwe-adservices.com), CRWE Tube (www.crwetube.com), CRWE Newswire (www.crwenewswire.com), CRWE Domains (www.crwedomains.com), and CRWE Real Estate (www.crwerealestate.com). CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Crown Equity Holdings advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information about Crown Equity Holdings Inc. visit www.crownequityholdings.com.
To view recent article please visit http://crweselect.com/29847/stock-alerts/gap-inc-first-stand-alone-store-location-in-mexico-gps-hes/
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: CRWESelect.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. (Read Full Disclaimer at http://crweselect.com/disclaimer).
Copyright 2015 Online PR Media | 507 Casazza Dr Ste A, Reno, NV 89502