{"id":10948,"date":"2024-06-06T10:04:59","date_gmt":"2024-06-06T10:04:59","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=10948"},"modified":"2024-06-06T10:04:59","modified_gmt":"2024-06-06T10:04:59","slug":"10948","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/10948\/","title":{"rendered":""},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\">RoydadNaft &#8211; <\/span>Canadian fuel distributor Parkland said on Wednesday it would sell its Canadian commercial propane business to Avenir Energy for about C$115 million in cash amid a push by investors for a strategic review of the company.<\/p>\n<p data-reader-unique-id=\"23\">Parkland would also exclusively supply fuel to Avenir for 10 years as part of the agreement, the company added.<\/p>\n<p data-reader-unique-id=\"24\">&#8220;This transaction is a big step toward achieving our target of C$500 million from the divestment of non-core assets by the end of 2025,&#8221; said Ian White, president of Parkland Canada.<\/p>\n<div data-testid=\"paragraph-3\" data-reader-unique-id=\"117\">Parkland&#8217;s largest shareholder Simpson Oil, which holds a 19.7% stake, had called for a review of strategic alternatives for the company in April, including a sale.<\/div>\n<p data-reader-unique-id=\"119\">Later in the same month, activist investor Engine Capital backed Simpson Oil&#8217;s call.<\/p>\n<p data-reader-unique-id=\"120\">Engine Capital did not immediately respond to a request for comment.<\/p>\n<p data-reader-unique-id=\"121\">($1 = 1.3690 Canadian dollars)<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2024-06-06T10:04:59+00:00\"> 6 June 2024<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Canadian fuel distributor Parkland said on Wednesday it would sell its Canadian commercial propane business to Avenir Energy for about C$115 million in cash amid a push by investors for a strategic review of the company.","protected":false},"author":1,"featured_media":10949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,44,46,36,35],"tags":[],"services":[],"class_list":["post-10948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-fuel","category-international","category-lastnews","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/10948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=10948"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/10948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/10949"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=10948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=10948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=10948"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=10948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}