The Daily Chase: Couche-Tard to buy TotalEnergies; Empire earnings dragged down by cyberattack
BNN Bloomberg
It’s shaping up to be another volatile day in the equity markets after yesterday’s eventful session.
COUCHE-TARD GOES ON EUROPEAN SHOPPING SPREE
Convenience store operator Alimentation Couche-Tard is making a big splash across the pond, striking a deal to buy almost 2,200 gas stations from TotalEnergies for €3.1B in cash. The deal nets Couche-Tard 100 per cent of TotalEnergies retail assets in Germany and the Netherlands, along with a 60 per cent controlling interest in Total’s Belgium and Luxembourg units. Now, this is old hat for Couche-Tard, which operates about 2,800 locations in Europe already (mostly in Scandinavia and the Baltics.) It’s also the company’s first big swing at a deal on the continent after its failed pursuit of French retailer Carrefour two years ago.
CYBERATTACK WEIGHS ON EMPIRE'S Q3