04:21 PM EST, 01/31/2025 (MT Newswires) -- Superior Plus ( SUUIF ) after close of trade Friday announced that the Alberta Court of Appeal has ruled in favour of Superior in the matter of Chemtrade Electrochem, formerly Canexus Corporation v. Superior Plus Corporation ( SUUIF ), overturning the decision and ruling that Superior was not required to pay Chemtrade a C$25 million reverse termination fee on the termination of the arrangement agreement between the parties in 2016.

As a result of this ruling, a statement noted, Superior is entitled to the return of approximately C$28 million (which included interest and costs) paid to Chemtrade in January 2023, plus applicable interest and costs.

Superior is a North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing about 770,000 customer locations in the U.S. and Canada.