October 10, 2018 / 10:23 AM / 8 days ago

Parkland Fuel to buy 75 pct in fuel marketer SOL Investments for C$1.57 bln

Oct 10 (Reuters) - Parkland Fuel Corp, Canada-based marketer of petroleum products, said on Wednesday it would buy a 75 percent stake in privately held SOL Investments Ltd and its subsidiaries for C$1.57 billion ($1.21 billion). Upon closing of the deal, SOL’s parent company Simpson Group, will own about 10 percent of the issued and outstanding shares in Parkland, the companies said in a statement. ($1 = 1.2959 Canadian dollars) (Reporting by Laharee Chatterjee in Bengaluru; Editing by Shailesh Kuber)

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