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Alimentation Couche-Tard may bid on Petro-Canada’s gas stations

Bloomberg/Yahoo Finance 07/19/2022

Alimentation Couche-Tard is considering a bid for at least some of Petro-Canada’s 1,500 gas stations. The owner of Circle K operates 2,100 stores in Canada, some of which overlap the markets of Metro-Canada’s stations in the eastern portion of Canada. “Couche-Tard, I think, would have a hard time buying the whole network. There would be competition issues there, concentration issues,” said Ryan Bushell, president of Newhaven Asset Management.

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