The businesses are planned to be sold to Medley Capital Limited, a company owned by GB Group, a Haiti-based industrial group with core holdings in energy, steel and food products. No financial terms have been disclosed.
The agreement covers the sale of 58 service stations and a portfolio of approximately 120 commercial and industrial customers, as well as other lines of business.
The proposed sale is said to be in line with Chevron's efforts to concentrate resources and capital on strategic, global assets.
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