Brookfield-led group to buy Loblaw gas stations for C$540M

|About: Brookfield Business Partner... (BBU)|By:, SA News Editor

Brookfield Business Partners (NYSE:BBU) leads a group that agrees to acquire Loblaw Companies' (OTCPK:LBLCF) gas station operations for C$540M.

The gas station network is one of the largest in Canada, and includes 213 retail gas stations and associated convenience kiosks adjacent to Loblaw-owned grocery stores.

BBU says it will rebrand the gas stations through an agreement with Imperial Oil (NYSEMKT:IMO) to Exxon Mobil’s Mobil fuel brand.