Avenir Energy to acquire Canadian commercial propane business of Parkland for $115m.

Avenir Energy, an energy company, agreed to acquire Canadian commercial propane business of Parkland, an international fuel distributor, marketer, and convenience retailer, for $115m. “This transaction is a big step toward achieving our target of $500 million from the divestment of non-core assets by the end of 2025. By focusing on our core assets, we are simplifying our business to improve returns. Driven by our customer focus, we continue to see tremendous opportunity to deliver growth and value from our Canadian business,” Ian White, Parkland Canada President.