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ALIMENTATION COUCHE-TARD RECEIVES DECISION NOT TO OPPOSE FROM THE EUROPEAN COMMISSION FOR THE ACQUISITION OF CERTAIN RETAIL ASSETS FROM TOTALENERGIES
ALIMENTATION COUCHE-TARD RECEIVES DECISION NOT TO OPPOSE FROM THE EUROPEAN COMMISSION FOR THE ACQ...
About this update from Alimentation Couche-tard Inc.
[{"type":"text","content":"\n \n \n \n ALIMENTATION COUCHE-TARD RECEIVES DECISION NOT TO OPPOSE FROM THE EUROPEAN COMMISSION FOR THE ACQUISITION OF CERTAIN RETAIL ASSETS FROM TOTALENERGIES\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 Nov. 6, 2023\n \n \n /CNW/ - Alimentation Couche-Tard Inc. (\"Couche-Tard\" or the \"Corporation\") (TSX: ATD) announces that it has received a decision not to oppose from the European Commission (the \"Commission\") for the acquisition of certain European retail assets from TotalEnergies, which was previously announced on\n \n March 16, 2023\n \n . The Corporation anticipates the completion of the acquisition to take place in\n \n December 2023\n \n .\n \n \n \n \n \n \n \n \n \n As previously announced on\n \n March 16, 2023\n \n , the acquisition comprises 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. The transaction will be financed using available cash, existing credit facilities, US Commercial Paper Program, and a new term loan.\n \n \n \"The decision by the European Commission is an important marker in the completion of this acquisition, and I want to thank all involved for their outstanding commitment in getting us to this stage. This game-changing transaction is on track to close by the end of December, and we are truly excited to welcome new team members and stores across these four European countries as we grow together to become the world's preferred destination for convenience and mobility,\" said\n \n Brian Hannasch\n \n , President, and CEO of Couche-Tard.\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 25 countries and territories, with more than 14,400 stores, of which approximately 10,800 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 U...