Loblaw is selling all of its 213 gas stations to Brookfield for $540 million


B00Mer
#1
Loblaw is selling all of its 213 gas stations to Brookfield for $540 million



TORONTO — Loblaw is selling its 213 gasoline stations across the country for $540 million to Brookfield Business Partners and its partners.

Toronto-based Brookfield will rebrand the stations to Mobil but the stations will continue to use the PC Plus loyalty program offered by Loblaw.

This deal will mark the introduction of the Mobil fuel brand in Canada, the companies said in a joint statement.

The proposed deal is subject to certain conditions, but is expected to occur in this year’s third quarter.

Brookfield Business Partners says it sees potential for growing the current network of Loblaw-owned gas stations and associated kiosks after the deal closes.

Loblaw says it expects the deal will be positive for its customers, gas station operators and the company itself.

Canada’s largest operator of grocery and pharmacy stores expects to use proceeds from the sale for its corporate activities.

Chevron Corp also sold its Canadian gasoline stations and refinery in British Columbia to Parkland Fuel Corp , a marketer of petroleum products, for $1.46 billion on Tuesday.

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The "Mobil Fuel Brand" here in Canada way cool eh!!



 
Murphy
#2
I hope they don't get rid of the PC Plus points. It's convenient for me to gas up/shop at the No Frills. It's the closest grocery store when we drive into town. I gave my daughter a $100 grocery certificate at Christmas and probably collect $25/mo from shopping and the gas bar.
 
petros
#3
Quote: Originally Posted by MurphyView Post

I hope they don't get rid of the PC Plus points. It's convenient for me to gas up/shop at the No Frills. It's the closest grocery store when we drive into town. I gave my daughter a $100 grocery certificate at Christmas and probably collect $25/mo from shopping and the gas bar.

Still intact but Petros Points is where it's at.

This week I'm offering vouchers for Goat Yoga with a min. 70L fill.

 
Bar Sinister
#4
Quote: Originally Posted by petrosView Post

Still intact but Petros Points is where it's at.

This week I'm offering vouchers for Goat Yoga with a min. 70L fill.

What is the video supposed to show? I can't see anything.
 
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