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Hilco Redevelopment affiliate to buy Philadelphia Energy refinery for $240M

Jan 23, 2020 - SNL Real Estate Daily
Mergers and Acquisitions

HRP Philadephia Holdings submitted the winning bid for the refinery, which was shut down in June 2019 after an explosion, at an auction Jan. 17.

Real estate developer Hilco Redevelopment Partners LLC affiliate HRP Philadephia Holdings LLC agreed to purchase Philadelphia Energy Solutions Inc.'s 335,000-barrel-per-day Philadelphia refinery for $240 million, according to documents filed Jan. 22 with the U.S. Bankruptcy Court for the District of Delaware.

HRP Philadephia Holdings submitt...