Ï㽶ÊÓƵֱ²¥

Skip to content

B.C. gas bars on the market as Parkland plans to sell off 157 Canadian outlets

Chevron and FasGas among the brands up for sale as gas firm looks to optimize
web1_20240326090312-d6a2c4f8ef5666f244784771d1a406208e7b347b4d30976d14a02ed4664dd694
Parkland Corp. is looking to sell 157 convenience store and fuel station locations across in six provinces. A Pioneer gas station is shown in Carleton Place, Ont., on Saturday, Nov. 8, 2008. THE CANADIAN PRESS/Sean Kilpatrick

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

The company says the assets up for sale include locations under the Chevron, Ultramar, Pioneer and FasGas brands as well as the On the Run convenience store banner.

The bulk of the stations are in Quebec and Ontario, with the balance in Alberta, British Columbia, Manitoba and Saskatchewan.

The company says the retail and fuel locations will be packaged with long-term Parkland fuel supply agreements.

Francis Lapointe, ParklandÏ㽶ÊÓƵֱ²¥™s vice-president of Canadian retail operations, says the decision to sell the assets is part of the companyÏ㽶ÊÓƵֱ²¥™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.

READ ALSO:

READ ALSO:





(or

Ï㽶ÊÓƵֱ²¥

) document.head.appendChild(flippScript); window.flippxp = window.flippxp || {run: []}; window.flippxp.run.push(function() { window.flippxp.registerSlot("#flipp-ux-slot-ssdaw212", "Black Press Media Standard", 1281409, [312035]); }); }