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Slide #37. Parkland Fuel Corporation — Elbow River Marketing Limited Partnership
Parkland Fuel Corporation (TSE:PKI.CA)
Elbow River Marketing Limited Partnership
Parkland Fuel Corporation, Canada's largest independent distributor and marketer of petroleum products, today announced that it has entered into a definitive agreement to acquire the assets of Elbow River Marketing Limited Partnership ("Elbow River") from AvenEx Energy Corporation (TSX: AVF) (the "Acquisition"). The Acquisition is expected to close and be effective on or around February 15, 2013. All financial figures are stated in Canadian dollars.
Parkland Fuel is engaged in marketing, distributing and refining of fuel and petroleum products and a convenience retailer. Co. operates under five operating segments: Supply in Co.'s fuel contracts; Canada Retail operates a network of retail gas stations in Canada; International operates a retail service station internationally; Canada Commercial delivers bulk fuel, propane, heating oil, lubricants, agricultural inputs, oilfield fluids and other products and services to commercial, industrial and residential customers; and United States operates and services a network of retail service stations and delivers gasoline, distillates, propane and lubricating oils in the United States.
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