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Alimentation Couche-Tard, EG Group in Deal Talks

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Alimentation Couche-Tard, which owns Circle Okay minimarts, runs 7,000 comfort shops, and a cope with British retailer EG Group might carry that quantity to some 21,000 retailers in additional than 30 international locations.



Photo:

chris helgren/Reuters

Two of the world’s greatest convenience-store chains are discussing a deal that might mix BP gasoline stations, roadside

Starbucks,

Circle Okay minimarts and Cumberland Farms grocery shops amongst a handful of different retail manufacturers.

Alimentation

Couche-Tard Inc.,

ATD -2.06%

which runs 7,000 comfort shops within the U.S. and as many overseas, and British retailer EG Group have traded proposals in current weeks that might worth EG at roughly $16 billion or extra together with debt, individuals conversant in the matter mentioned.

The talks have to date failed to supply a deal and so they could not result in one, a few of the individuals mentioned.

Should the businesses mix, the brand new group would have over $70 billion in annual income and a few 21,000 fast-food joints, gasoline stations and grocery shops in additional than 30 international locations. It would carry collectively EG’s community within the U.Okay., western Europe and Australia with Couche-Tard’s within the U.S., Canada, Northern Europe and a smattering of different international locations.

The mixed firm would stay headquartered in Couche-Tard’s residence of Laval, Quebec, a Montreal suburb, a few of the individuals mentioned.

(More to Come)

Write to Liz Hoffman at [email protected] and Cara Lombardo at [email protected]

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