Canadian fuel retailer Parkland Corp. plans to sell its Florida retail and commercial businesses, aiming to raise $500M by 2025.

Parkland Corp., a Canadian fuel retailer, plans to sell its Florida retail and commercial businesses, which include around 100 retail locations, nine cardlock facilities, and four bulk storage sites. This move is part of a broader strategy to divest non-core assets, aiming to raise over $500 million by 2025. The sale is expected to be completed within 12 to 18 months, and Parkland has already generated about $200 million from previous asset sales.

September 03, 2024
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