WSJ: BJ's Wholesale interested in buying Hess gas stattions

|About: Hess Corporation (HES)|By:, SA News Editor

The private-equity owners of BJ's Wholesale Club have expressed interest in buying Hess' (HES -0.2%) ~1,300 gas stations, which they envision pairing with the wholesale clubs, WSJ reports.

Some would-be suitors have expressed interest in parts of the gas station chain, but Hess is said to prefer a buyer for the whole; Hess also is laying the groundwork for a potential spinoff of the stations, which is considered more tax-friendly.

Marathon Petroleum (MPC +0.1%), which owns 1,470 Great Lakes region gas stations through its Speedway subsidiary, indicated last week that it is interested in the Hess stations.