Tag: Sunoco

Germany demands defense ministry buy military fuel pipeline network to allow Sunoco takeover of TanQuid

Germany demands defense ministry buy military fuel pipeline network to allow Sunoco takeover of TanQuid

February 2, 2026 |

In Germany, Seeking Alpha reports that the national government has set as a condition to approve Sunoco’s takover of TanQuid, the country’s largest independent petrochemical and biofuel storage operator that is currently 51% owned by the German government, that the defense ministry buy the company’s vital military fuel pipeline network. The country has been cracking […]

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Sunoco to acquire Parkland for $9.1B

Sunoco to acquire Parkland for $9.1B

May 6, 2025 |

In Canada, Sunoco LP and Parkland Corporation announced that they have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt. Under the terms of the agreement, Parkland shareholders will receive 0.295 SUNCorp units and C$19.80 for each […]

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