DLA Piper advises BP on sale of southern Californian refining and marketing business
DLA Piper has advised BP on the more than $2.4bn (£1.6bn) sale of its southern California refining and marketing business to San Antonio-based refiner Tesoro. The deal closed on 1 June after receiving clearance from both federal and California regulators.
Under the terms of the deal, Tesoro acquired the Carson refinery, the ARCO brand and more than 800 retail gas stations in southern California, Nevada and Arizona. Tesoro also acquired an integrated logistics system consisting of marine port facilities, multiple petroleum terminals, pipelines and related assets.
DLA Piper’s multi-disciplinary team representing BP involved lawyers across its US offices, including Gregory Dahlgren (Chicago) who led the transaction, with assistance from Dennis Wieczorek (Chicago) on franchise law matters, Caryn Englander (Chicago) and Paul Shadle (Chicago) on real-estate matters, Matthew Covington (San Francisco) on environmental matters and Jason Levin (Chicago) on intellectual property matters.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
DLA Piper has released the winter 2014 issue of SHE Matters, a newsletter dedicated to safety, health and the environment.
This regular publication by DLA Piper lawyers focuses on helping clients navigate the ever-changing business, legal and regulatory landscape.
Analysis from The Lawyer
The fragile refinance market is back in rude health and US-style alternative lenders are stepping up with innovative structures to sustain the recovery
The Lawyer’s latest Top 50 litigation firms list shows that business for dispute specialists is roaring along while new in-depth detail reveals the winning strategies