Alimentation Couche-Tard Inc. announced that it has obtained clearance from the Competition Bureau in Canada for the acquisition of CST Brands, Inc. (“CST”) and the transaction with Parkland Fuel Corporation. The closings of both transactions are expected to occur on June 28, 2017.


Agreement to Sell Assets in Canada

Following the review by the Competition Bureau and a consent agreement reached with the Commissioner of Competition, and in compliance with an agreement signed with Parkland, Parkland will be purchasing from Couche-Tard the majority of CST’s Canadian assets located in Québec, the Atlantic provinces and Ontario:




100% of CST’s commercial cardlock business;



100% of CST’s commercial and home energy business;



Substantially all of CST’s dealer and commissioned agents business;



159 of CST’s company-operated stores; and



CST’s Montréal corporate head office.


As a result of the transaction with Parkland, Couche-Tard will receive approximately CA$985 million and will be adding 157 company operated sites across its network in Québec, Atlantic provinces and Ontario.


Following these transactions, Couche-Tard would operate over 1,300 new sites in the United States (ArkansasArizonaColoradoFloridaGeorgiaLouisianaNew MexicoNew YorkOklahoma and Texas) and Canada (Québec, Atlantic provinces and Ontario) and would bring its total network to nearly 14,000 sites worldwide.