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Philadelphia Business Journal: Motiva Enterprises sells Phila.-area Shell gas stations

Motiva Enterprises LLC said Tuesday it has sold its interest in 54 Shell gas stations in the Philadelphia and South Jersey area to Bronson Oil Holdings LLC for an undisclosed sum.

Bronson, a newly formed real-estate company, will sublease the stations to ARFA Enterprises Ltd., a gasoline wholesaler that operates or supplies nearly 200 gas stations operating under seven brands. Bronson and ARFA have common owners and are based in Pennsauken, N.J.

ARFA will run the stations and supply them with fuel that it gets from Motiva, which will make sure the stations properly represent the Shell brand.

Motiva refines and markets gasoline through more than 9,000 branded stations in the Eastern and Southern United States. It is based in Houston and is owned by Shell Oil Co., the U.S. subsidiary of Royal Dutch Shell PLC (NYSE:RDS-B), and Saudi Refining Inc.

http://philadelphia.bizjournals.com/philadelphia/stories/2007/11/12/daily16.html

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