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ALIMENTATION COUCHE-TARD ANNOUNCES THE ACCEPTANCE BY TOTALENERGIES OF THE FIRM OFFER TO ACQUIRE CERTAIN EUROPEAN RETAIL ASSETS
ALIMENTATION COUCHE-TARD ANNOUNCES THE ACCEPTANCE BY TOTALENERGIES OF THE FIRM OFFER TO ACQUIRE C...
About this update from Alimentation Couche-tard Inc.
[{"type":"text","content":"\n \n \n \n ALIMENTATION COUCHE-TARD ANNOUNCES THE ACCEPTANCE BY TOTALENERGIES OF THE FIRM OFFER TO ACQUIRE CERTAIN EUROPEAN RETAIL ASSETS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n LAVAL, QC\n \n \n ,\n \n \n June 22, 2023\n \n \n /CNW/ - Alimentation Couche-Tard Inc. (\"Couche-Tard\" or the \"Corporation\") (TSX: ATD) announced today that TotalEnergies has accepted the Corporation's firm offer to acquire certain European retail assets from TotalEnergies, as announced earlier this year on\n \n March 16, 2023\n \n .\n \n \n \n \n \n \n \n \n \n Following completion of the information and consultation process involving TotalEnergies employee representative bodies at European level in\n \n Belgium\n \n ,\n \n the Netherlands\n \n and\n \n Luxembourg\n \n , TotalEnergies has accepted the Corporation's offer and will now enter into definitive agreements to effect the transaction. This transaction remains subject to the approval of relevant European regulatory authorities and closing continues on track to occur before the end of calendar year 2023.\n \n \n The financial terms and conditions announced on\n \n March 16, 2023\n \n remain unchanged, whereby Couche-Tard would acquire 100% of TotalEnergies retail assets in\n \n Germany\n \n and\n \n the Netherlands\n \n , as well as a 60% controlling interest in the\n \n Belgium\n \n and\n \n Luxembourg\n \n entities, for a purchase price of approximately €3.1 billion, to be paid in cash, subject to customary closing adjustments.\n \n \n \n About Alimentation Couche-Tard Inc.\n \n \n \n Couche-Tard is a global leader in convenience and mobility, operating in 24 countries and territories, with more than 14,300 stores, of which approximately 10,900 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in\n \n the United States\n \n and it is a leader in the convenience store industry and road transportation fuel retail in\n \n Canada\n \n , Scandinavia, the Baltics, as ...