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UNOCAL CORP. ANNOUNCES SUBSIDIARY'S SALE OF NATIONAL/AUTO TRUCKSTOP SYSTEM

 LOS ANGELES, Nov. 25 ~PRNewswire~ -- Unocal Corp. (NYSE: UCL) said today that its Union Oil Company of California subsidiary has reached agreement for the sale of the company's national auto~truckstop system to National Auto~Truckstops Inc., for approximately $180 million.
 The transaction will transfer Unocal's auto~truckstop network, consisting of some 140 branded facilities located on interstate highways nationwide, to National Auto~Truckstops Inc. Included as part of a series of agreements is the sale of 97 Unocal-owned locations. The remaining sites are selected marketer locations that will become a part of this new auto~truckstop network.
 National Auto~Truckstops Inc. is a newly formed company organized by Unocal's independent auto~truckstop operators and institutional investors led by The Clipper Group L.P. The new company intends to focus exclusively on the full-service auto~truckstop business and will continue to operate under the "76" trademark.
 The Clipper Group L.P., based in New York, was formed in 1990 to invest private risk capital on behalf of certain institutional investors.
 The sale of the auto~truckstop system continues Unocal's divestiture of non-strategic assets. So far in 1992, excluding the truckstop sale, the company has realized $258 million in pre-tax proceeds from theives announced in April, the company has received $132 million in pre-tax proceeds, mainly from the sales of various crude oil and natural gas production properties.
 Closure of the auto~truckstop network sale is anticipated by the end of the first quarter of 1993, conditioned upon obtaining the necessary permits and approvals.
 -0- 11~25~92
 ~CONTACT: James H. Bray of Unocal, 213-977-5390; Louis J. Mischianti of The Clipper Group L.P., 212-715-5702~
 (UCL)


CO: Unocal Corp.; Union Oil Company of California;
 National Auto~Truckstops Inc.; The Clipper Group L.P. ST: California IN: OIL SU: TNM


JL-BP -- LA001 -- 1435 11~25~92 10:00 EST
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Publication:PR Newswire
Date:Nov 25, 1992
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