Sunday, June 16, 2019
Martin Hennecke

CK Hutchison unit to sell off assets
Husky Energy Inc, the Canadian-listed associate company of CK Hutchison Holdings (0001), said that it might consider selling its retail and commercial fuels business and Prince George Refinery under a strategic review of its operations. The oil and gas producer said that it would conduct a strategic review and it was considering the sale of its non-core downstream assets. The move comes amid Husky Energy's intention to focus on core assets in Atlantic Canada and the Asia Pacific Region. Husky chief executive officer Rob Peabody said the decision follows the company's plans to align its heavy oil and downstream businesses to form one integrated corridor.Husky's network consists of more than 500 stations, travel centers, card lock operations and bulk distribution facilities from British Columbia to New Brunswick.
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