Couche-Tard to acquire 23 Premium 7 locations in Estonia for undisclosed price
LAVAL, Que. – Alimentation Couche-Tard Inc. (TSX:ATD.B) is expanding its European network of filling stations and convenience stores.
The Quebec-based company has agreed to acquire 23 locations in Estonia, currently operated under the Premium 7 brand.
That includes 11 full service fuel stations with convenience stores and 12 automated fuel stations.
Couche-Tard says the two sides of the transaction won’t be disclosing the price.
It will initially rebrand the sites under the Statoil brand and then switch it within a year to the Circle K global brand.
The Laval-based company had previously announced plans to replace its Mac’s brand in Canada with the Circle K brand while retaining Couche-Tard as its retail brand in its home province.
Couche-Tard will have a total of 77 company-operated stores and fuel stations in Estonia after completing the 23-site purchase from Sevenoil Est OU and its affiliates.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
