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By Anushka Sharma Mar 16, 2023 3:07:08 PM IST (Published)
The purchase price for this proposed transaction, to be paid in cash, is approximately €3.1 billion on a cash-free, debt-free basis, subject to customary closing adjustments. The proposed acquisition would comprise 100 percent of TotalEnergies retail assets in Germany and the Netherlands as well as a 60 percent controlling interest in the Belgium and Luxembourg entities.
Canada-based Alimentation Couche-Tard Inc. on Thursday announced to acquire some of retails assets of French energy company TotalEnergies for 3.1 billion euros to be paid in cash.
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"The purchase price for this proposed transaction, to be paid in cash, is approximately €3.1 billion on a cash-free, debt-free basis, subject to customary closing adjustments," the Canadian company said in a statement.
The proposed acquisition would comprise 100 percent of TotalEnergies retail assets in Germany and the Netherlands as well as a 60 percent controlling interest in the Belgium and Luxembourg entities. "The proposed acquisition will be submitted to the relevant employee representative bodies and remains subject to customary regulatory approvals," the statement added.