Parties
Company
Alimentation Couche-Tard Inc.
Company
TotalEnergies
On March 16, 2023, Alimentation Couche-Tard Inc. ("Couche-Tard") announces today that it has agreed to a firm and irrevocable offer to acquire certain assets to be carved out from TotalEnergies and has entered into exclusive negotiations on this basis. On June 22, 2023, Alimentation Couche-Tard Inc. has received acceptance from TotalEnergies to acquire specific European retail assets. The deal, valued at approximately €3.1 billion (4,542,182,000.00 CAD), includes 100% of TotalEnergies retail assets in Germany and the Netherlands, along with a 60% controlling interest in the Belgium and Luxembourg entities. The transaction is set to be completed before the end of 2023, pending approval from relevant European regulatory authorities. All payments will be made in cash, subject to customary closing adjustments.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 4,542,182,000Deal Status
ClosedClosing Date
03 January 2024