Global Fuels to acquire U.K.-based Greenergy's Canadian gas station network
BNN Bloomberg
Ontario-based Global Fuels Inc. says it has signed a deal to acquire all of U.K.-based Greenergy's Canadian retail fuel business.
The acquired network is one of the largest in Canada, consisting of 241 retail gas and convenience locations from Nova Scotia to B.C.
The sites are predominantly Mobil-branded and located adjacent to Loblaw grocery stores in larger communities across the country.
Greenergy, which launched in Canada in 2013, says it has chosen to divest its Canadian retail business to focus on renewable energy projects instead.
More Related News