Superior Plus Announces Completion of the Sale of U.S. Wholesale Refined Fuel Assets

Source Press Release
Company Superior Plus Corp 
Tags Refining & Marketing Activities
Date April 25, 2018

Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce the completion of the previously announced sale of its wholesale refined fuels business and refined fuel terminal assets located in New York to Sunoco LP, following satisfaction of customary closing conditions for total cash consideration of approximately US $39.5 million, plus estimated net working capital of US $16.0 million (the “Transaction”).

Raymond James acted as exclusive financial advisor to Superior and Orrick, Herrington & Sutcliffe LLP acted as legal advisors to Superior in relation to the Transaction.

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