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Strategic review of Irving Oil under way, including possible sale of business

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In a statement on its website, Irving Oil 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

Irving Oil says a strategic review of the company is under way and that it is looking at a series of options about its future, including a possible sale of the business.

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.The statement is signed by chairman Arthur Irving, president Ian Whitcomb and executive vice-president Sarah Irving.The company also has more than 900 gas stations and a network of distribution terminals.

 

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