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In a statement on its website, the company says consideration will be given to a new ownership structure, a full or partial sale, or a change in its portfolio of assets and how it operates them.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
The strategic review raises the possibility that some important North American downstream facilities may change hands. Irving Oil operates the largest oil refinery in Canada, which processes 320,000 barrels of oil a day and supplies gasoline to much of the United States Northeast as well as eastern Canada, and also operates Ireland’s only refinery. The company also has more than 900 gas stations and a network of distribution terminals.
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Source: financialpost - 🏆 7. / 85 Read more »