Alimentation Couche-Tard Says TotalEnergies Agrees to European Retail Deal
22 Junio 2023 - 5:03PM
Noticias Dow Jones
By Stephen Nakrosis
Alimentation Couche-Tard said Thursday it would acquire retail
assets in Germany and the Netherlands from TotalEnergies for a
purchase price of about 3.1 billion euros ($3.4 billion).
Couche-Tard said it would enter into a definitive agreement
after Total Energies accepted its offer following an information
and consultation process involving that company's employee
representative bodies in Belgium, the Netherlands and
Luxembourg.
The deal would see the Canadian company acquire 100% of
TotalEnergies retail assets in Germany and the Netherlands, the
companies said. The assets include over 1,100 service stations in
Germany and almost 400 in the Netherlands.
In Belgium and Luxembourg, the two companies would form a joint
venture to operate over 600 service stations. Couche-Tard would
hold a 60% stake in the JV, the companies said.
The deal is subject to approval by European regulatory
authorities and closing remains on track to occur before the end of
this year, the companies said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 22, 2023 17:48 ET (21:48 GMT)
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