Irving Oil, the operator of Canada’s largest refinery and with 900 retail locations, including dozens in this province, is conducting a strategic review including the possibility of selling off some, or all, of its assets.
The announcement came yesterday in a statement posted to the company’s website.
Irving says a series of options are being evaluated related to the company’s future, and no decisions have been made as to where the strategic review may lead.
The company says consideration will be given to a new ownership structure, a full or partial sale, or a change in the portfolio of its assets and how they are operated.
Irving has been in operation for nearly a century, starting out as a garage and gas station in founder K.C. Irving’s hometown of Bouctouche, New Brunswick.