• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Parkland Fuel buying 75 per cent stake in SOL Investments for $1.57 billion

October 10, 20187:32 AM The Canadian Press0 Comments

CALGARY – Parkland Fuel Corp. says it will acquire a 75 per cent stake in SOL Investments Ltd., an independent fuel marketer in the Caribbean, for $1.57 billion under an agreement with its current owners.

SOL supplies and markets a total of 4.8 billion litres of fuel annually across 23 countries in the Caribbean.

Under the deal, SOL Ltd. will continue to own 25 per cent of SOL Investments and acquire about 12.2 million shares of Parkland Fuel, one of Canada’s largest fuel distributors.

SOL Ltd.’s parent, the Simpson Group, will own a 9.9 per cent stake in Parkland.

The transaction is subject to customary consents and regulatory approvals. It is expected to close by the end of the year.

Calgary-based Parkland Fuel is an independent marketer of fuel and petroleum products and a convenience store operator.

Companies in this story: (TSX:PKI)

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Even without Keystone XL, U.S. set for record Canadian oil imports
  • Oil prices fall as China’s surging COVID-19 cases trigger clampdowns
  • Come check out the BOE Report’s new AER License Transfers page
  • Cenovus to announce 2021 budget and production forecast
  • Irving Oil lays off 60 workers from Saint John refinery, citing collapse in demand

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.