Tag: lubricants

Suncor Energy sells Petro-Canada Lubricants business for $1.125 billion

Transaction expected to close Q1 of 2017 CALGARY, ALBERTA – Suncor Energy today announced it reached an agreement to sell its Petro-Canada Lubricants Inc. business to a subsidiary of HollyFrontier Corporation for gross proceeds of $1.125 billion, subject to customary closing adjustments. “Today’s announcement is another example of how Suncor is focusing on its core assets […]