The Canadian company, Parkland Corporation announced the merge of its subsidiary Sol Investments with Isla Dominicana de Petroleo Corporation that operates Shell-branded fuel stations in the Dominican Republic. Sol will become a 50 percent indirect partner in Isla Dominicana de Petroleo Corp. in the Dominican Republic, which currently operates a retail network with approximately 160 locations.
As reported, the combined portfolio will comprise 240 retail locations making the alliance the Dominican Republic’s largest retail network. As part of the agreement, Isla will operate the joint onshore marketing operations while Parkland will become the principal fuel supplier to the combined network.
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Diario Libre
Petrol Plaza
21 May 2021