Parkland Corp.'s Burnaby Refinery is seen on the waters of Burrard Inlet in an aerial view, in Burnaby, B.C., on Monday, June 30, 2025. The refinery produces gasoline, diesel, jet fuels, asphalts, heating fuels, heavy fuel oils, butanes, and propane. THE CANADIAN PRESS/Darryl Dyck
Parkland Corp.'s Burnaby Refinery is seen on the waters of Burrard Inlet in an aerial view, in Burnaby, B.C., on Monday, June 30, 2025. The refinery produces gasoline, diesel, jet fuels, asphalts, heating fuels, heavy fuel oils, butanes, and propane. THE CANADIAN PRESS/Darryl Dyck
CALGARY - Sunoco LP has completed its acquisition of Parkland Corp.
The companies say the cash-and-stock deal, valued at US$9.1 billion including assumed debt when it was announced in May, closed on Friday.Â
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.
Parkland 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.
This report by ºÃÉ«tvwas first published Nov. 3, 2025.
