LONDON: US refiner Valero Energy Corp is planning to buy Chevron's British refinery for about $2 billion and an announcement is expected on Thursday, Bloomberg reported, citing two people with knowledge of the deal.
Chevron has been seeking a buyer for its last European plant, in Pembroke, Wales, for almost a year.
"I can say that we have been very explicit about our desire to explore our options in Europe," Bill Day, a spokesman for Valero told Bloomberg. He declined to comment on the deal.
Valero and Chevron were not available for comment.
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