The Pantry has received a “good amount of interest” in its sale of 74 convenience stores and gas forecourts in south-eastern US states.
The US convenience store operator has set a deadline of 20 July for all bids for the sites, which will either be sold through a sealed bid process on a stand-alone basis or in larger batches, a spokesperson confirmed.
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“We have already seen a good amount of interest and we expect the sale to progress as planned,” the spokesperson said.
The majority of the 74 sites are operated under the Kangaroo, Shell, Chevron, CITGO, Mobil, BP and Texaco banners. Locations include Alabama, Florida, Georgia and Kentucky.
The company, which last month booked escalating losses as charges hit second-quarter earnings, declined to comment further on the proceeds it expects the sale to generate.
Further details of the properties on the block can be found online at NRC Realty & Capital Advisors.
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