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Parkland Fuel Corp (PKI.TO)

PKI.TO on Toronto Stock Exchange

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Wed, Oct 10 2018

Parkland Fuel to buy 75 pct in fuel marketer SOL Investments for C$1.57 billion

Parkland Fuel Corp , a Canada-based marketer of petroleum products, said on Wednesday it would buy a 75 percent stake in privately held SOL Investments Ltd for C$1.57 billion ($1.21 billion), to expand further in the U.S. Gulf and the Atlantic coasts.

UPDATE 2-Parkland Fuel to buy 75 pct in fuel marketer SOL Investments for C$1.57 bln

Oct 10 Parkland Fuel Corp, a Canada-based marketer of petroleum products, said on Wednesday it would buy a 75 percent stake in privately held SOL Investments Ltd for C$1.57 billion ($1.21 billion), to expand further in the U.S. Gulf and the Atlantic coasts.

Parkland Fuel to buy 75 pct in fuel marketer SOL Investments for C$1.57 bln

Oct 10 Parkland Fuel Corp, Canada-based marketer of petroleum products, said on Wednesday it would buy a 75 percent stake in privately held SOL Investments Ltd and its subsidiaries for C$1.57 billion ($1.21 billion). Upon closing of the deal, SOL's parent company Simpson Group, will own about 10 percent of the issued and outstanding shares in Parkland, the companies said in a statement. ($1 = 1.2959 Canadian dollars) (Reporting by Laharee Chatterjee in Bengaluru; Editing by Shailesh

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