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Apr 24, 2012

Philly.com News: Carlyle Group discussing joint venture with Sunoco refinery

Philly.com News
News from the Inquirer and Daily News.
Carlyle Group discussing joint venture with Sunoco refinery
Apr 24th 2012, 06:00

Sunoco Inc. may have found the rescuer for its sprawling South Philadelphia refinery. The Philadelphia company announced Monday that it has entered into exclusive talks with the Carlyle Group, a large private-equity manager with legendary political connections, to run the plant as a joint venture. The refinery, the largest on the East Coast, is Sunoco's last operating fuel-manufacturing plant.

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