Loblaw sells its 213 gas bars across Canada to Brookfield

Loblaw is selling its 213 gasoline stations across Canada of which there appear to five the Toronto area. The price is $540 million to Brookfield Business Partners and its partners. Toronto-based Brookfield will rebrand the stations to Mobil but they will continue to use the PC Plus loyalty program offered by Loblaw. The proposed deal is expected to occur in this year’s third quarter. Loblaw gas station are shown on Victoria Park (Musgrove Ave) Weston Road, the Bayview Village Shopping Centre and a couple in Mississauga.