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Couche-Tard to Buy TotalEnergies Assets for $3.3 Billion

  • Canadian firm seals acquisition after two years of talks
  • Deal encompasses 2,200 gasoline stations across Europe
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Canadian convenience-store operator Alimentation Couche-Tard Inc. shares rose as much as 1.7% after it agreed to buy almost 2,200 gasoline stations in Europe from TotalEnergies SE for €3.1 billion ($3.3 billion).

The owner of the Circle K chain said Thursday it made a firm offer for all of the French oil company’s retail assets in Germany and the Netherlands, as well as a 60% stake in the businesses in Belgium and Luxembourg.