Couche-Tard buys Esso stations for 1.69B

[hockey19]

Couche-Tard is a great Québec success story. Its market capitalization grew 500% in 5 years.

 

http://montreal.ctvnews.ca/mobile/couche-tard-harnois-group-buying-esso-stations-1.2809690

 

CALGARY -- Imperial Oil says it has reached deals to sell its remaining 497 Esso retail stations in Canada to five fuel distributors for a total of $2.8 billion.

Alimentation Couche-Tard Inc. is set to buy 279 stations in Ontario and Quebec for nearly $1.69 billion.

[hockey19]

http://www.journaldemontreal.com/2016/03/08/entente-de-16-milliard--couche-tard-achete-279-stations-service-a-limperiale

 

Alimentation Couche-Tard a conclu une entente de 1,6 milliard $ avec la pétrolière impériale pour acheter 279 stations-service situées au Québec et en Ontario.

Parmi les magasins d’accommodation acquis, 50 sont situés au Québec, dans la grande région métropolitaine de Montréal, a annoncé l’entreprise dans un communiqué mardi. Les 229 stations-service ontariennes se trouvent dans la grande région métropolitaine de Toronto.

[jesseps]

I saw an ad on Henri Bourassa today showing Mobil.

More info: https://www.esso.ca/en/mobil-stations

[WestAust]

Le 2018-05-14 à 10:17, jesseps a dit :

I saw an ad on Henri Bourassa today showing Mobil.

More info: https://www.esso.ca/en/mobil-stations

The Mobil stations are the ones that are currently branded as Provigo/Maxi a plein gaz. Loblaws sold their fuel retail operation last year to Brookfield and they struck a marketing deal with Mobil/Esso.

[jesseps]

1 hour ago, WestAust said:

The Mobil stations are the ones that are currently branded as Provigo/Maxi a plein gaz. Loblaws sold their fuel retail operation last year to Brookfield and they struck a marketing deal with Mobil/Esso.

I thought so.

Which stations in Montreal are owned by Brookfield?

[WestAust]

There's a maxi station in Verdun, there is one in Delson but the Provigo is closing so I don't know if the gaz station will close or if will get the rebranding to Mobil.