Deals

Sunoco to Buy Canadian Fuel Seller Parkland for $9.1 Billion

A Parkland Corp. refinery in Burnaby, British Columbia. — A Parkland Corp. refinery in Burnaby, British Columbia.
Photographer: James MacDonald/Bloomberg

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By Paula Sambo

May 5, 2025 at 11:09 AM UTC

Updated on

May 5, 2025 at 2:47 PM UTC

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Sunoco LP agreed to acquire Parkland Corp. for about $9.1 billion, including debt, offering a premium for a Canadian fuel distributor that’s in the midst of a leadership upheaval and a fight with its largest shareholder.

Sunoco, one of the biggest US gas station operators, will pay C$44 per Parkland share through a mix of cash and stock in a newly created public company called SUNCorp LLC, according to a statement Monday.