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Toronto advises Brookfield Business Partners in its acquisition of 213 gas bars for C$540m

July 17, 2017 Client: Brookfield Business Partners

Toronto advised Brookfield Business partners on a successfully completed acquisition of 213 gas bars operated by Loblaws Inc. and certain of its affiliates on lands leased from, in most cases, Choice Property REIT. The purchase price was C$540 million, subject to adjustment. The gas station portfolio will be rebranded to the Mobil fuel brand. This will mark the introduction of the Mobil fuel brand in Canada. The gas stations will continue to offer Loblaw’s PC plus loyalty program. Brookfield Business Partners is a business services and industrial company focused on owning and operating high quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto Stock Exchanges. Brookfield Business Partners is the flagship listed business services and industrial company of Brookfield Asset Management, a leading global alternative asset manager with approximately C$250 billion in assets under management.