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Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.


TSX:SPB - Post by User

Comment by Schussing56on May 16, 2023 8:36am
145 Views
Post# 35449860

RE:RE:Thirteen Million Shares

RE:RE:Thirteen Million SharesHere is the official news release regarding the M&B sale of Superior shares:

An unknown buyer acquired 6.48% stake in Superior Plus Corp. (TSX:SPB) from Marquard & Bahls AG for approximately CAD 130 million on April 25, 2023. Marquard & Bahls sold stake through a private sale agreement at price of CAD 9.79 per share and a total consideration of CAD 127.27 million.

Notice that the release says "unknown buyer." You have previously said that CIBC was listed as the buyer according to the SEDI insiders trading report but, when I checked the report, there was no mention of CIBC. Your friend on this board, has suggested that his information comes from relationships with Bay Street brokers. Hmmm, possible I guess? I've got a close family relative that works for CIBC. He's never once talked about any important information regarding his job, that I can remember.
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