India, Oct. 9 -- Alimentation Couche-Tard Inc. (ATD.TO), announced on Friday that it has agreed to acquire retail assets from Irving Oil in Quebec and Ontario.
The transaction includes 50 retail sites in Quebec already operated by Couche-Tard under its alliance with Irving Oil, as well as two sites in Pembroke and Cornwall, Ontario. It also covers fuel supply to 71 Couche-Tard-owned sites in Quebec.
Assets in the deal also comprise 18 cardlock sites, 16 in Quebec and two in Ontario. Of these, 16 are co-located with retail sites included in the transaction and two are adjacent to existing Couche-Tard locations. Irving Oil fleet customers will continue to be served at these sites under a long-term agreement between the companies.
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