Cresta offers to buy Come-by-Chance refinery owner: Reuters

Cresta Fund Management has offered to buy a majority stake in North Atlantic Refining Ltd, owner of the idled Canadian 135,000 barrel-per-day Come-by-Chance refinery, Reuters reported.

Cresta Fund Management has offered to buy a majority stake in North Atlantic Refining Ltd, owner of the idled Canadian 135,000 barrel-per-day Come-by-Chance refinery, Reuters reported. No financial terms were disclosed. The news wire noted that Cresta is planning to convert the Newfoundland and Labrador refinery to renewable fuel production.

Source: Reuters