Alimentation Couche-Tard has acquired certain European retail assets from TotalEnergies. The acquisition includes 100% of the gas stations of TotalEnergies based in Germany and the Netherlands, in addition to 60% controlling interest in the entities in Belgium and Luxembourg.
The retail assets encompass 2175 sites for a total of $4.5 billion (€3.1 billion). The transaction was financed using the corporation’s available cash, US paper program, and term loans.
Norton Rose Fulbright’s Montréal office advised the joint bookrunners on all banking and finance aspects of the matter, with a team led by David Lemieux and that included Oana Stratan; Francis Trifiro; Christopher Troulis.
Stikeman Elliot acted as legal counsel in the Provinces of Quebec and Ontario to the Credit Parties.
Stewart McKelvey acted as legal counsel in the Province of Nova Scotia to the Credit Parties.