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Federated Co-operatives Limited

Company Summary

Description

Federated Co-operatives Limited, is a co-operative federation providing procurement and distribution to member co-operatives in Western Canada.

Website

https://www.fcl.crs/

Recent news

  • 12/1/2021 - Cenovus Announces $660... (subscriber access)
  • 10/22/2021 - Whitecap Resources Signs... (subscriber access)

Company Transactions

Date: 6/30/2022
Type: Acquisition

BUYERS:
  • Parkland Fuel Corp
  • Federated Co-operatives Limited
    • SELLERS:
  • Cenovus Energy Inc.
    • DETAILS:

    COST: 420 $MM

    NOTES:
    The Husky assets include 337 gas stations being sold off to Parkland Corp. and Federated Co-operatives Ltd. for $420 million in cash. Cenovus will retain its commercial fuels business, and this deal will close by mid-2022.
    REGIONS:
  • Canada