Tesoro to sell Boise petroleum terminal to win US deal approval

WASHINGTON, June 17 Mon Jun 17, 2013 3:51pm EDT

WASHINGTON, June 17 (Reuters) - U.S. antitrust regulators have given oil refiner Tesoro Corp and its logistics subsidiary approval to buy Northwest Products Pipeline system and related assets from Chevron Corp, on the condition that its sells a petroleum terminal in Boise, Idaho, the Federal Trade Commission said on Monday.

Tesoro struck a deal in December to buy the assets from Chevron for $400 million but lowered the price in May to $355 million after a renegotiation.

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