LAVAL,
QC, Nov. 6, 2023 /PRNewswire/ - 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 March 16,
2023. The Corporation anticipates the completion of the
acquisition to take place in December
2023.
As previously announced on March 16,
2023, the acquisition comprises 100% of TotalEnergies retail
assets in Germany and the Netherlands as well as a 60% controlling
interest in the Belgium and
Luxembourg entities. The
transaction will be financed using available cash, existing credit
facilities, US Commercial Paper Program, and a new term loan.
"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 Brian
Hannasch, President, and CEO of Couche-Tard.
About Alimentation Couche-Tard
Inc.
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
the United States and it is a
leader in the convenience store industry and road transportation
fuel retail in Canada,
Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in
Poland and Hong Kong Special
Administrative Region of People's
Republic of China. Approximately 128,000 people are employed
throughout its network.
For more information on Alimentation Couche-Tard Inc., or to
consult its audited annual Consolidated Financial Statements,
unaudited interim condensed consolidated financial statements and
Management Discussion and Analysis, please visit:
https://corpo.couche-tard.com.
Forward-Looking Statements
Certain statements in this press release may constitute forward
looking statements within the meaning of securities legislation,
including those with respect to the potential transaction. Positive
or negative verbs such as "believe", "can", "shall", "intend",
"expect", "estimate", "assume" and other related expressions are
used to identify such statements. Such statements are based upon
the current beliefs and expectations of Couche-Tard and are subject
to significant risks and uncertainties outside of Couche-Tard's
control. Couche-Tard would like to point out that, by their very
nature, forward-looking statements involve risks and uncertainties
such that its results, or the measures it adopts, could differ
materially from those indicated in or underlying these statements,
or could have an impact on the degree of realization of a
particular projection. Unless otherwise required by applicable
securities laws, Couche-Tard disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. The
forward-looking information in this release is based on information
available as of the date of the release.
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SOURCE Alimentation Couche-Tard Inc.