Global Fuels acquires Greenergy’s Canadian gas station network in the United Kingdom
BURLINGTON, ON – Ontario-based Global Fuels Inc. says it has signed an agreement to acquire all of Greenergy’s Canadian retail fuel business in the UK.
The acquired network is one of the largest in Canada and consists of 241 retail gas and convenience locations from Nova Scotia to BC
The sites are primarily Mobil-branded and located next to Loblaw supermarkets in larger communities across the country.
Greenergy, which launched in Canada in 2013, says it has opted to divest its Canadian retail business to focus instead on renewable energy projects.
The companies did not disclose the dollar value of the deal, which is expected to close later this year.
Global Fuels operates one of the largest gas station chains in the country, with a national network of Esso, Mobil and Esso Cardlock fuel locations.
This report from The Canadian Press was first published on July 7, 2023.
