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Parkland puts 157 convenience store and fuel station locations up for sale

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CALGARY — Parkland Corp. is looking to sell 157 convenience store and fuel station locations across six provinces. The company says the assets up for sale...

CALGARY — Parkland Corp. is looking to sell 157 convenience store and fuel station locations across six provinces.

The bulk of the stations are in Quebec and Ontario, with the balance in Alberta, British Columbia, Manitoba and Saskatchewan. Francis Lapointe, Parkland's vice-president of Canadian retail operations, says the decision to sell the assets is part of the company's ongoing network planning and optimization process.The sale process comes as the company faces calls from New York-based activist investor Engine Capital LP for a complete board overhaul at the company.Enbridge will have a 19% stake, WhiteWater and I Squared a combined 50.6% stake while MPLX will hold 30.4% in the venture. U.S.

 

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More than 150 gas station and convenience store sites are on sale in CanadaAn Alberta-based company has started the process of selling 157 convenience store and gas station assets across Canada. According to Parkland Corp....
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