Announced
Completed
Financials
Tags
Hong Kong
Acquisition
Cross Border
Single Bidder
convenience stores
Diversified Retailers
Private
Majority
retail
Friendly
Completed
Synopsis
Alimentation Couche-Tard, an independent convenience store operator, completed the acquisition of Circle K HK, a chain of convenience stores located in Hong Kong, from Convenience Retail Asia, an operator of convenience store chains, for $360m. "I have followed Circle K Hong Kong's progress closely for decades and deeply admire its leadership team and retail expertise. I look forward to welcoming their team members and stores into the Couche-Tard family and have no doubt that together we can reach millions more customers in Hong Kong and across Asia as we move forward in our journey to become the world's preferred destination for convenience and fuel," Alain Bouchard, Couche-Tard Founder and Executive Chairman.
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