Delek U.S. Holdings, Inc. (DK) has inked an agreement to sell its retail business, Delek US Retail, to FEMSA (FMX) for a total consideration of $385 million. Per the terms of the agreement, a subsidiary of FEMSA will acquire 100% of the equity interests in the subsidiaries that operate Delek’s retail business. The total purchase price includes inventories as well.FEMSA, one of the largest conglomerates based out of Mexico, operates in more than 17 countries. FMX operates OXXO through its Proximity & Health ...