Arko Corp., parent company of GPM Investments, is considering divesting its convenience store operations in a deal that could be valued at around $2 billion, according to a report from Reuters.

“Richmond, Virginia-based Arko is working with investment bankers at Citigroup to sell the package of about 1,500 stores that it currently operates, the sources said, requesting anonymity as the discussions are confidential,” Reuters wrote.

According to the article, potential buyers include other convenience store operators, as well as private equity firms who have already submitted initial bids for the stores. The sources cautioned that a deal is not guaranteed.

Following a sale of its convenience store operations, Arko would retain its fuel distribution business—which the company is betting will achieve a higher valuation as a standalone fuel distributor, the sources said.

Sources told Reuters that Arko’s c-stores generate around $300 million in annual earnings before interest, taxes, depreciation, and amortization.

In announcing Arko’s Q2 results in August, Arie Kotler, chairman, president and CEO, said “This quarter, we continued to navigate a challenging macroeconomic environment alongside our customers. We continued to see pressure on consumers as they struggle with inflation and elevated prices for everyday goods, especially in markets with a large percentage of lower income consumers. While this negatively impacted our retail sales, our team worked hard to control same store expenses and leverage our strong vendor partner relationships to deliver another quarter of merchandise margin growth, while providing much-needed value to our customers.”

In June, Bloomberg interviewed Kotler about the economic slowdown.