05/27/2016 04:22 EDT | Updated 05/28/2017 01:12 EDT

Gas bars for sale: Loblaw looking for prospective buyers of 212 filling stations

BRAMPTON, Ont. — Loblaw Co. (TSX:L) says it's taking steps to sell its network of 212 gasoline-filling stations.

The statement from Loblaw head office in Brampton, Ont., says the gas bars continue to deliver strong, stable cash flows.

But Loblaw says it believes the right strategic partner would "elevate" the fuel business.

The company says it will "engage potential buyers," but didn't provide an estimated pricetag or other details of its plan.