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Alimentation Couche-Tard Announces The Closing Of The Acquisition Of Certain European Retail Assets From Totalenergies

Jan 03, 2024

Acquiring Company

ALIMENTATION COUCHE-TARD

Acquired Company

TotalEnergies EP Nigeria

LavalRetailEnergyOil And GasRenewable EnergyBiomass Energy

Description

Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) announced today it has completed the acquisition of certain European retail assets from TotalEnergies. As previously announced on March 16, 2023, this acquisition includes 100% of TotalEnergies' retail assets in Germany and the Netherlands, as well as a 60% controlling interest in the entities in Belgium and Luxembourg. The retail assets encompass 2,175 sites, with 1,191 located in Germany, 562 in Belgium, 378 in the Netherlands, and 44 in Luxembourg. The majority are company-owned (69%) with the balance being dealer-owned (31%).

Quick answer

ALIMENTATION COUCHE-TARD is acquiring TotalEnergies EP Nigeria, announced January 3, 2024. ALIMENTATION COUCHE-TARD is based in Laval, Quebec, Canada.

How much did ALIMENTATION COUCHE-TARD pay for TotalEnergies EP Nigeria?
The deal value was not disclosed.
What does ALIMENTATION COUCHE-TARD do?
Alimentation Couche-Tard (TSX: ATD.A ATD.B) (“Couche-Tard”) Tard is the leader in the Canadian convenience store industry.
Where are ALIMENTATION COUCHE-TARD and TotalEnergies EP Nigeria based?
ALIMENTATION COUCHE-TARD is based in Laval, Quebec, Canada.
Who are the decision-makers at ALIMENTATION COUCHE-TARD?
Fundz holds 1 contact at ALIMENTATION COUCHE-TARD. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

ALIMENTATION COUCHE-TARD

Location

Laval, Quebec, Canada

About

Alimentation Couche-Tard (TSX: ATD.A ATD.B) (“Couche-Tard”) Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of the number of company-operated stores. Alimentation Couche-Tard exploits over 16,000 stores in 27 countries and over 133,000 people are employed in its network worldwide. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries (Norway, Sweden and Denmark), in the Baltic countries (Estonia, Latvia and Lithuania), as well as in Ireland, and has an important presence in Poland. Couche-Tard also offers other products, including aviation fuel and energy for stationary engines. In addition, under licensing agreements, approximately 2,250 stores are operated under the Circle K banner in 16 other countries and territories (Cambodia, China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Jamaica, Macau, Mexico, Mongolia, New Zealand, Saudi Arabia, the United Arab Emirates and Vietnam).

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Frequently asked

Who acquired TotalEnergies EP Nigeria?

TotalEnergies EP Nigeria was acquired by ALIMENTATION COUCHE-TARD, based in Laval. The deal was reported on January 3, 2024. Alimentation Couche-Tard (TSX: ATD.A ATD.B) (“Couche-Tard”) Tard is the leader in the Canadian convenience store industry. ALIMENTATION COUCHE-TARD is privately held and operates in Retail.

When did ALIMENTATION COUCHE-TARD acquire TotalEnergies EP Nigeria?

ALIMENTATION COUCHE-TARD's acquisition of TotalEnergies EP Nigeria was reported on January 3, 2024. Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) announced today it has completed the acquisition of certain European retail assets from TotalEnergies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TotalEnergies EP Nigeria do?

TotalEnergies EP Nigeria, the company being acquired, has signed an agreement with Chappal Energies for the sale of its 10% stake in the production licenses of the SPDC joint-venture. It is privately held, operating in Energy.

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