LAVAL, QC, March 1, 2023 /CNW/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) announced today that, as part of the agreement reached with the Competition Bureau in relation to the Corporation's acquisition of the Wilsons network announced on August 30, 2022, it has completed the sale of 52 sites to Harnois Énergies with the approval of the Competition Bureau. This transaction now completes the acquisition of Cape D'Or Holdings Limited, Barrington Terminals Limited and other related holding entities, which operate an independent convenience store and fuel networks in Atlantic Canada under the Esso, Wilsons Gas Stops and Go! Stores brands ("Wilsons").
With its acquisition of the Wilsons network, net of the sale of 52 sites to Harnois Énergies, Couche–Tard is adding 45 corporate-owned and operated convenience retail and fuel locations and more than 120 dealer locations in Atlantic Canada as well as a marine fuel terminal in Halifax, Nova Scotia.
"We are pleased to welcome the Wilsons network into the family and look forward to its integration," said Brian Hannasch, President and Chief Executive Officer of Alimentation Couche-Tard. "The addition of this strong network further strengthens our position in Atlantic Canada, and we are excited to add great team members to the Couche-Tard family," concluded Mr. Hannasch.
National Bank Financial acted as financial advisor to Couche-Tard on the sale of the 52 sites to Harnois Énergies.
Couche-Tard is a global leader in convenience and fuel retail, 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 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 SAR. Approximately 122,000 people are employed throughout its network.
For more information on Alimentation Couche-Tard Inc. or to consult its annual 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.
SOURCE Alimentation Couche-Tard Inc.
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