52 retail sitesDivestiture / carve-outConsumer & Retail
Couche-Tard agrees to buy Irving Oil retail sites in Québec and Ontario
Alimentation Couche-Tard has signed a definitive agreement to acquire Irving Oil retail assets. The package includes 50 Québec sites and two Ontario sites that Couche-Tard already operates, plus 18 cardlock sites and fuel supply to 71 of its own Québec stores. The deal needs regulatory approval, including under the Competition Act.
Why it matters: The Circle K owner is converting long-run operating arrangements into outright ownership in its home market.
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