Couche-Tard to purchase statoil retail arm

摘要

Copenhagen—Canada’s Alimentation Couche-Tard said April 18 it was bidding NOK15.9billion ($2.8 billion) to buy all the shares inNorwegian group Statoil’s downstream servicestation and retail arm, Statoil Fuel & Retail, aspart of plans for a major expansion in Europe.Statoil said it would sell its 54% control-ling stake to Alimentation Couche-Tard, NorthAmerica’s largest independent conveniencestore operator, netting it $1.5 billion profit.