Brookfield Business Partners acquires 213 gas stations for $540 million
Canadian Grocer staff with files from The Canadian Press
Loblaw has completed the sale of its gas business -- comprising of 213 gas stations across the country -- to Brookfield Business Partners for $540 million.
The gas stations will operate under the Mobil fuel brand under an agreement with Calgary-based Imperial Oil, a subsidiary of Houston-based ExxonMobil, one of the biggest integrated oil and gas companies in the United States. The gas stations will continue to allow consumers to collect points through Loblaw's PC Plus loyalty program.