Arko looking to sell convenience store operations, Reuters reports

Arko (ARKO) is planning to divest its convenience store operations in a deal that could be valued at around $2B as it looks to abandon a years-long expansion strategy after grappling with a slowdown in sales from the store business, people familiar with the matter told Reuters’ Abigail Summerville. Arko is working with investment bankers at Citigroup (C) to sell the package of about 1,500 stores that it currently operates, according to the report.