U.S.-based Sunoco completes $9.1B US deal to buy Parkland, including Burnaby, B.C., refinery

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U.S.-based Sunoco completes $9.1B US deal to buy Parkland, including Burnaby, B.C., refinery

CalgaryParkland owns the Ultramar, Chevron and Pioneer gas station chains as well as several other brands in 26 countries. It also runs a refinery in Burnaby, B.C., which supplies nearly one-third of the region’s domestically supplied gasoline and jet fuel.Parkland shares expected to be delisted from Toronto Stock Exchange on TuesdayThe Canadian Press · Posted: Nov 03, 2025 2:32 PM EST | Last Updated: November 3Listen to this articleEstimated 1 minuteThe companies say the cash-and-stock deal, valued at $9.1 billion US including assumed debt when it was announced in May, closed on Friday. (Murray Titus/CBC)Sunoco LP has completed its acquisition of Parkland Corp.The companies say the cash-and-stock deal, valued at $9.1 billion US including assumed debt when it was announced in May, closed on Friday.Parkland shares are expected to be delisted from the Toronto Stock Exchange as of the close of markets on Tuesday.The common units of SunocoCorp LLC to be received by Parkland shareholders in connection with the deal will begin trading on the New York Stock Exchange on Thursday, under the ticker symbol SUNC.$9.1B Parkland-Sunoco deal gets Investment Canada Act approvalParkland owns the Ultramar, Chevron and Pioneer gas station chains as well as several other brands in 26 countries.It also runs a refinery in Burnaby, B.C., which supplies nearly one-third of the region’s domestically supplied gasoline and jet fuel.

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