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To: longz who wrote (1447775)3/20/2024 12:00:57 AM
From: pocotrader  Respond to of 1577146
 
twit Parkland kept the Chevron name for good will

Parkland To Acquire Chevron Canada’s Downstream Fuel Business

The Acquisition places important British Columbia infrastructure under experienced Canadian ownership. The business acquired as part of the Acquisition (collectively, the "Acquired Business") consists of: i) 129 Chevron-branded retail service stations principally located in Metro Vancouver, which complement Parkland’s existing 44 Chevron-branded sites in British Columbia (the "Retail Business"), ii) 37 commercial cardlock and three marine fueling locations (the "Commercial Business"), iii) a complimentary refinery in Burnaby, terminals located in Burnaby, Hatch Point, and Port Hardy, British Columbia, and a wholesale business which includes aviation fuel sales to the Vancouver International Airport (collectively, the "Supply and Wholesale Business").

Subject to satisfaction of customary closing conditions, Parkland will pay approximately $1,460 million (US$1,100 million), plus an estimated $186 million in working capital for the Acquired Business.



parkland.ca



To: longz who wrote (1447775)3/20/2024 12:05:41 AM
From: Mongo21164 Recommendations

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