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Parkland Fuel Corp settles its fight with the Competition Bureau

Parkland Fuels President and CEO Bob Espey.

To settle a fight with the Competition Bureau of Canada, Parkland Fuel Corp. will have to sell off assets in Ontario and Manitoba.

Parkland, a Red Deer, Alta.-based gasoline retailer, announced after markets closed Tuesday it had reached funds using the Bureau, requiring the company to sell a fill-up station in Kapuskasing, Ont. and either divest or terminate fuel supply agreements in five other towns in Ontario and Manitoba.

The announcement concludes a year-and-a-half of litigation between Parkland and also the Bureau, following the company’s acquisition of Pioneer Energy in the middle of 2014.

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