Chevron Canada Limited

Chevron Canada Limited in connection with the sale of a subsidiary that owns a Canadian downstream fuel business to Parkland Fuel Corporation for approximately $1.46 billion

Client

Chevron Canada Limited

Value

$1.46 billion

Service

Mergers and Acquisitions

Date Closed

October 2017

Industry

Energy (Oil & Gas)

Lead Office

Calgary


 

On October 1, 2017, Chevron Canada Limited completed an agreement with Parkland Fuel Corporation for the shares of Chevron Canada R&M ULC, which operates a Canadian integrated downstream fuel business, for a total value of approximately $1.46 billion.

The acquisition included 129 Chevron-branded retail service stations principally located in Metro Vancouver, 37 commercial cardlock and three marine fueling locations, a complimentary refinery in Burnaby, and a wholesale business which includes aviation fuel sales to the Vancouver International Airport.

As a result of this acquisition, Parkland Fuel Corporation became Canada's largest fuel retailer.

Osler, Hoskin & Harcourt LLP represented Chevron Canada Limited with a team consisting of Rob Desbarats, Janice Buckingham, Katherine Royer, Kevin Lemke (Corporate), Peter Glossop and Jaime Auron (Competition/Antitrust), and Dominic Mochrie (Commercial).


Team
Janice Buckingham - Oil & Gas Lawyer

Janice Buckingham

Partner, Energy

Peter Glossop - Foreign Investment Lawyer

Peter Glossop

Partner, Competition/Antitrust & Foreign Investment

Dominic  Mochrie

Dominic Mochrie

Partner, Franchise & Retail

Jaime Auron

Jaime Auron

Associate, Competition/Antitrust & Foreign Investment