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Sunoco LP plans to buy Parkland Corp. for $9.1 billion, aiming to lead fuel distribution in the Americas.
Sunoco LP, an American energy company, plans to acquire Canadian company Parkland Corp. for about $9.1 billion, aiming to become the largest independent fuel distributor in the Americas.
The deal is subject to regulatory approvals and includes a commitment from Sunoco to maintain a Canadian headquarters in Calgary and preserve employment levels.
It also follows Parkland's conflict with its largest shareholder, Simpson Oil Ltd., over board control.
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Sunoco LP planea comprar Parkland Corp. por 9.1 mil millones de dólares, con el objetivo de liderar la distribución de combustible en las Américas.