Imperial Oil to sell 497 retail stations for C$2.8 bln

Tue Mar 8, 2016 5:30pm EST
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March 8 (Reuters) - Imperial Oil Ltd, Canada's No. 2 integrated oil producer and refiner, said it agreed to sell 497 remaining company-owned Esso retail stations for about C$2.8 billion ($2.09 billion).

The buyers include Alimentation Couche-Tard Inc, 7-Eleven Canada Inc and Parkland Fuel Corp, the company said on Tuesday.

Imperial Oil, which is majority-owned by Exxon Mobil Corp , said it expects the sales to close by the year-end. ($1 = 1.34 Canadian dollars) (Reporting by Vishaka George in Bengaluru; Editing by Sriraj Kalluvila)