Alimentation Couche-Tard has agreed to acquire all issued and outstanding shares of Holiday Stationstores and certain affiliated companies (Holiday).
Holiday owns 522 stores, a food commissary, and a fuel terminal located in Newport, Minnesota. The company offers services in ten states of the US, including Minnesota, Wisconsin, Washington, Idaho, Montana, Wyoming, North Dakota, South Dakota, Michigan and Alaska.
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Couche-Tard has appointed Cleary Gottlieb Steen & Hamilton as the legal adviser for the transaction.
Scheduled for completion in the fiscal year 2018, the transaction will allow Couche-Tard to expand its fuel retailing business.
Oil and Natural Gas Corporation (ONGC) plans to acquire the Government of India’s (GoI) 51.11% interest in Hindustan Petroleum Corporation (HPCL). The transaction is estimated to be valued at approximately $4.4bn, according to sources.
HPCL owns and operates Mumbai and Visakhapatnam refineries, which have a capacity of 6.5mmtpa and 8.3mmtpa respectively. The company also owns and operates the Lube Refinery with a capacity of 428,000 metric tonnes of lube-base oils.
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By GlobalDataScheduled for completion by the end of fiscal year 2018, the transaction will allow ONGC to strengthen its business operations.
