Parkland Corporation Acquisition by Sunoco LP Approved by Canadian Government.

Parkland Corporation and Sunoco LP announced that the Canadian government has approved Sunoco's acquisition of Parkland, previously announced. The deal is expected to close in Q4 2025, subject to pending regulatory approvals and customary closing conditions. Parkland is a leading international fuel distributor, marketer, and minority fuel seller with operations in 26 countries across the Americas.

On October 14, 2025, Sunoco LP announced that the Canadian government has approved its acquisition of Parkland Corporation under the Investment Canada Act. The approval was announced in a joint statement by Sunoco LP and Parkland Corporation, both of which operate in the energy sector; the transaction is expected to close in the fourth quarter of 2025, pending further regulatory approvals and customary closing conditions, according to a TradingView report.

Parkland Corporation, a leading international fuel distributor, marketer, and minority fuel seller, operates in 26 countries across the Americas. The acquisition aims to enhance Sunoco's market position and create synergies between the two companies. Sunoco LP, which is a subsidiary of Sunoco Inc., is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol SUN. Parkland Corporation is listed on the Toronto Stock Exchange (TSX) under the ticker symbol PKI, according to a StockTitan report.

The approval by the Canadian government is a significant step forward for Sunoco LP's acquisition strategy. However, the transaction is still subject to additional regulatory approvals and conditions that need to be satisfied before the deal can be finalized. Investors and financial professionals should closely monitor the progress of these remaining approvals to gauge the potential impact on Sunoco LP's financial performance and stock price.