Parkland Corporation to Divest Florida Operations

Parkland (TSE:PKI) has released an update.

Parkland Corporation is set to sell its Florida retail and commercial operations as part of its strategic plan to double cash flow per share and grow Adjusted EBITDA by 2028. The company is refocusing capital on high-return opportunities and expects to exceed its non-core asset divestment target of $500 million by the end of 2025. With significant interest already shown in the Florida assets, Parkland anticipates completing the sale within 12 to 18 months.

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