News Feed Item
|By PR Newswire
|August 19, 2014 07:41 PM EDT
LAVAL, QC, Aug. 19, 2014 /PRNewswire/ - A number of media outlets have
reported that Alimentation Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A
ATD.B) is among a handful of companies rumoured to be pursuing the
acquisition of a minority stake in China's Sinopec.
Couche-Tard has no plan to invest in the Sinopec placement at this time.
Furthermore, should Couche-Tard have material information to
communicate, it would be timely circulated through a press release
disclosing the news to the market.
Couche-Tard is the leader in the Canadian convenience store industry. In
the United States, it is the largest independent convenience store
operator in terms of number of company-operated stores. In Europe,
Couche-Tard is a leader in convenience store and road transportation
fuel in Scandinavian countries and in the Baltic States while it has a
growing presence in Poland.
As of April 27, 2014, Couche-Tard's network comprised 6,241 convenience
stores throughout North America, including 4,756 stores with road
transportation fuel dispensing. Its North-American network consists of
13 business units, including nine in the United States covering 39
states and the District of Columbia and four in Canada covering all ten
provinces. More than 60,000 people are employed throughout its network
and at the service offices in North America.
In Europe, Couche-Tard operates a broad retail network across
Scandinavia (Norway, Sweden, Denmark), Poland, the Baltics (Estonia,
Latvia, Lithuania) and Russia, which comprised 2,258 stores as at April
27, 2014, the majority of which offer road transportation fuel and
convenience products while the others are unmanned automated
service-stations which offer road transportation fuel only. The
Corporation also offers other products, including stationary energy,
marine fuel, aviation fuel, lubricants and chemicals. Couche-Tard
operates key fuel terminals and fuel depots in eight countries.
Including employees at Statoil branded franchise stations, about
17,500 people work in its retail network, terminals and service offices
In addition, under licensing agreements, about 4,600 stores are operated
under the Circle K banner in 12 other countries worldwide (China, Guam,
Honduras, Hong Kong, Indonesia, Japan, Macau, Malaysia, Mexico,
Philippines, Vietnam and United Arab Emirates) which brings to more
than 13,100 the number of sites in Couche-Tard's network.
The statements set forth in this press release, which describes
Couche-Tard's objectives, projections, estimates, expectations or
forecasts, may constitute forward-looking statements within the meaning
of securities legislation. Positive or negative verbs such as
"believe", "could", "should", "intend", "expect", "estimate", "assume"
and other related expressions are used to identify such statements.
Couche-Tard would like to point out that, by their very nature,
forward-looking statements involve risks and uncertainties such that
its results, or the measures it adopts, could differ materially from
those indicated or underlying these statements, or could have an impact
on the degree of realization of a particular projection. Major factors
that may lead to a material difference between Couche-Tard's actual
results and the projections or expectations set forth in the
forward-looking statements include the effects of the integration of
acquired businesses and the ability to achieve projected synergies,
fluctuations in margins on motor fuel sales, competition in the
convenience store and retail motor fuel industries, exchange rate
variations, and such other risks as described in detail from time to
time in the reports filed by Couche-Tard with securities authorities in
Canada and the United States. Unless otherwise required by applicable
securities laws, Couche-Tard disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. The forward-looking
information in this release is based on information available as of the
date of the release.
SOURCE Alimentation Couche-Tard Inc.
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