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Marathon, MPLX Sell Two refineries to CVR for $4.2B

Marathon Petroleum and MPLX LP said Tuesday that they sold two refineries and related midstream assets to Sugar Land-based CVR Energy for $4.2 billion.

Jones Day advised Findlay, Ohio-based Marathon, led by Houston partner Jeff Schlegel, who heads the firm’s global energy practice. Latham & Watkins provided outside legal counsel to the conflicts committee of MPLX, the master limited partnership Marathon formed in 2012 that operates midstream energy infrastructure.

Jason Philyaw

Jason compiles the weekly Corporate Deal Tracker Roundup and covers the dealmakers behind the deals.

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