21:27:13 EDT Fri 17 May 2024
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or Name
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CA



Alimentation Couche-Tard Inc
Symbol ATD
Shares Issued 964,831,327
Close 2023-11-01 C$ 76.39
Market Cap C$ 73,703,465,070
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Couche-Tard closes Copec transaction for Mapco

2023-11-01 17:34 ET - News Release

Mr. Alex Miller reports

ALIMENTATION COUCHE-TARD ANNOUNCES THE CLOSING OF THE TRANSACTION WITH COPEC FOR MAPCO EXPRESS INC.

Alimentation Couche-Tard Inc. has completed the transaction with Copec. As previously announced on April 27, 2023, this transaction includes 112 company-operated fuel and convenience retail sites from Mapco Express Inc. as well as surplus property and a logistics fleet. Most of the real estate is also owned.

The transaction was financed using the corporation's available cash and its U.S. commercial paper program.

"We are pleased to welcome these Mapco stores and their great team members into the Couche-Tard family and look forward to their integration," said Alex Miller, Couche-Tard's chief operating officer. "As we continue to grow our presence across the Southern U.S., we are excited to bring the Circle K experience to new customers in Georgia, Tennessee, Alabama and Kentucky."

About Alimentation Couche-Tard Inc.

Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 10,800 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 Special Administrative Region of People's Republic of China. Approximately 128,000 people are employed throughout its network.

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