Imperial Oil has reached agreements with five fuel distributors in Canada to sell its remaining 497 company-owned Esso retail stations for $2.8 billion. Distributors purchasing the sites include Alimentation Couche-Tard Inc. with 279 retail stations in Ontario and Quebec; 7-Eleven Canada Inc. with 148 sites in Alberta and British Columbia; Harnois Groupe Pétrolier, which purchases…
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Norway faces major changes in the fuel retailing industry in 2016
Norway´s fuel retailing industry faces a major overhaul with three leading gas station operators making significant changes of ownership, identity and products The country´s large Statoil network - 330 gas stations - will be converted into the Circle K brand in late spring, with parent company Couche-Tard making an effort to unify the majority of…
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Topaz-Esso merger OKd by competition body
Ireland’s Competition and Consumer Protection Commission has approved the purchase of oil company Esso by Irish gas station chain Topaz, reported RTÉ News. The acquisition has expanded the Topaz network to 425 service stations nationwide, raised the number of its employees to 2,000, and has given it a 35% share of Ireland’s fuel retailers market.…
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