June 26, 2020 / 5:32 PM / 10 days ago

Philadelphia refinery sold to Hilco redevelopment partners for $225.5 million - developer

NEW YORK, June 26 (Reuters) - Hilco Redevelopment Partners closed its $225.5 million deal with Philadelphia Energy Solutions on Friday, the developer said, acquiring the site of the largest and oldest East Coast refinery.

PES put its 335,000 barrel-per-day south Philadelphia refinery up for sale and filed for bankruptcy after a destructive fire at the plant last summer. (Reporting by Laila Kearney)

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