Parkland Corporation Acquisition by Sunoco Approved by Canadian Government.

Parkland Corporation's proposed acquisition by Sunoco LP has received approval from the Government of Canada. The Transaction is expected to close in Q4 2025, subject to obtaining remaining regulatory approvals and customary closing conditions. Parkland is a leading international fuel distributor, marketer, and convenience retailer with operations in 26 countries across the Americas.

The Government of Canada has approved the proposed acquisition of Parkland Corporation (TSX: PKI) by Sunoco LP (NYSE: SUN), subject to obtaining certain remaining regulatory approvals and customary closing conditions. The transaction is expected to close in the fourth quarter of 2025 Parkland Corporation and Sunoco LP Receive Investment Canada Act Approval^[1].

Parkland Corporation is a leading international fuel distributor, marketer, and convenience retailer with operations in 26 countries across the Americas. The company's extensive network includes approximately 4,000 retail and commercial locations, serving both everyday consumers and businesses with essential fuels and renewable energy solutions Parkland Corporation and Sunoco LP Receive Investment Canada Act Approval^[1].

Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The partnership's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals, complementing its fuel distribution operations Parkland Corporation and Sunoco LP Receive Investment Canada Act Approval^[1].

The acquisition is expected to bring significant synergies, including enhanced market reach and operational efficiency. However, it also carries risks, including potential disruptions to business operations and changes to business relationships, as highlighted in the forward-looking statements Parkland Corporation and Sunoco LP Receive Investment Canada Act Approval^[1].

Investors should closely monitor the regulatory approval process and the progress of the transaction, as well as any potential impacts on Parkland's and Sunoco's financial performance and operating results.