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Couche-Tard to acquire Irving Oil retail sites in Quebec and Ontario
Original: News | Couche-Tard strikes deal to buy Irving Oil's retail sites in Quebec, Ontario
Quebec-based convenience store giant Couche-Tard has struck a deal to buy Irving Oil's retail sites in Quebec and Ontario. The transaction would expand Alimentation Couche-Tard's network of gas stations and convenience stores in Central Canada while marking Irving Oil's retreat from retail operations in those two provinces. Financial terms of the agreement were not disclosed in initial reports, and the deal is expected to draw regulatory attention given Couche-Tard's dominant market position in Canadian fuel retail.
Why now: A major consolidation move in Canada's fuel and convenience retail sector reshapes the competitive landscape in two provinces.
Couche-TardIrving OilQuebecOntario
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