Royal Dutch Shell Group .com Rotating Header Image

Shell sell’s its Danish Network of 315 Gasoline Stations

Screen Shot 2014-06-23 at 11.37.41March 17, 2015 /PRNewswire/ – Alimentation Couche-Tard Inc. (“Couche-Tard”) announces today that it has signed, through its wholly-owned indirect Danish subsidiary Statoil Fuel & Retail A/S, an agreement with A/S Dansk Shell to acquire its Retail, Commercial Fuels and Aviation businesses in Denmark.

Pending the customary regulatory approvals and closing conditions, the transaction is expected to close in the second half of Couche-Tard’s fiscal year 2016. The acquisition would be financed from Couche-Tard’s available cash and existing credit facilities. The parties have agreed not to disclose the purchase price for this acquisition.

Shell’s Danish Retail business comprises 315 sites, of which 225 are full-service stations, 75 are automated fuel stations and 15 are truck stops. Of the 315 sites 140 are owned by Shell, 115 are leased from third parties and 60 are dealer-owned.

The agreement also encompasses an important commercial fuels operation, as well as an aviation business operating at seven Danish airports including Copenhagen Airport. Pursuant to the agreement, Couche-Tard would have the right to use the Shell brand in Denmark for up to ten years.

FULL PRESS RELEASE

RELATED

Shell agrees to sell Denmark fuel business to Couche – Tard

Couche-Tard scoops up 315 Shell retail outlets in Denmark to expand northern European footprint

BRIEF-Shell to sell Denmark marketing business to Alimentation Couche-Tard

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Comments are closed.

%d bloggers like this: