Delta Air Lines is redoubling efforts to sell an oil refinery in Trainer, Pennsylvania, after attempts to divest a stake in the plant late last year failed, according to two people familiar with the matter.
The Atlanta-based airline hired investment banks last year to offer a stake in its Monroe Energy refining subsidiary, signaling it wanted to share the risk of running an energy business.
The offer of a stake in the East Coast refinery, viewed as an undesirable market, failed to attract sufficient interest. Delta did not immediately respond to requests for comment
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