Story perspectives

Sunoco’s $9.1B Parkland Takeover Gains Canadian Approval

10/15/2025

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Summary

Story summary

Sunoco LP's US$9.1 billion takeover of Parkland Corp. has Ottawa's approval under the Investment Canada Act.
The deal is expected to close in Q4 2025, pending further regulatory approvals.
Parkland operates gas station brands and a Burnaby, British Columbia refinery that supply the region.
The transaction cleared a U.S. antitrust hurdle earlier and was approved by Parkland shareholders in June amid shifting Canada-U.S. relations and new security guidelines.

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Story summary

Sunoco LP's US$9.1 billion takeover of Parkland Corp. has Ottawa's approval under the Investment Canada Act.
The deal is expected to close in Q4 2025, pending further regulatory approvals.
Parkland operates gas station brands and a Burnaby, British Columbia refinery that supply the region.
The transaction cleared a U.S. antitrust hurdle earlier and was approved by Parkland shareholders in June amid shifting Canada-U.S. relations and new security guidelines.