Delta Air pushes to sell an oil refinery after divestment attempts fall short - Southern Business Review

Breaking

Facebook Follow

Friday, February 1, 2019

Delta Air pushes to sell an oil refinery after divestment attempts fall short

Delta Air Lines is redoubling efforts to sell an oil refinery in Trainer, Pennsylvania, after attempts to divest a stake in the plant late last year failed, according to two people familiar with the matter.


The Atlanta-based airline hired investment banks last year to offer a stake in its Monroe Energy refining subsidiary, signaling it wanted to share the risk of running an energy business.


The offer of a stake in the East Coast refinery, viewed as an undesirable market, failed to attract sufficient interest. Delta did not immediately respond to requests for comment