National Bank Financial Markets, Bank of Nova Scotia and RBC Capital Markets finance C$4.5bn proposed acquisition of European convenience stores
Canada | May 04, 2023
Client: National Bank Financial Markets, The Bank of Nova Scotia and RBC Capital Markets
Our Montreal office is advising National Bank Financial Markets, The Bank of Nova Scotia and RBC Capital Markets, as co-lead arrangers and joint bookrunners, on the financing of the proposed acquisition by Alimentation Couche-Tard of approximately 2,200 European convenience stores from TotalEnergies for €3.1bn (C$4.5bn).
Under the deal, Alimentation Couche-Tard, a Canadian global leader in convenience and mobility whose brands include Circle K, will buy all of TotalEnergies' retail assets in Germany and the Netherlands, as well as a 60 percent stake in the French company's stations in Belgium and Luxembourg.
Under the deal, Alimentation Couche-Tard, a Canadian global leader in convenience and mobility whose brands include Circle K, will buy all of TotalEnergies' retail assets in Germany and the Netherlands, as well as a 60 percent stake in the French company's stations in Belgium and Luxembourg.