Irving Oil, one of the largest and most powerful companies in New Brunswick, has launched a strategic review that will consider, among other things, "a full or partial sale" of the company, according to a statement issued Wednesday.Posted: Jun 07, 2023 12:08 PM EDT | Last Updated: 1 hour ago
Irving Oil says it has launched a strategic review that will consider, among other things, "a full or partial sale" of the company, one of the largest in New Brunswick. "No decisions have been made about where this strategic review may lead. Considerations will be given to a new ownership structure, a full or partial sale, or a change in the portfolio of our assets and how we operate them."
According to the company's website, it has "more than 900 fuelling locations and a network of distribution terminals spanning Eastern Canada and New England."In 2021, Irving Oil announced a partnership with Calgary-based TC Energy aimed at "significantly reducing emissions through the production and use of low-carbon power generation."
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