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Reuters: Couche-Tard buys 40 U.S. stores from Shell

TORONTO (Reuters) – Alimentation Couche-Tard Inc. (ATDsvb.TO: Quote) (ATDmva.TO: Quote) said on Tuesday it has agreed to buy 40 convenience stores in the U.S. Midwest from Shell Oil Products US (RDSa.L: Quote).
The Laval, Quebec-based convenience store operator did not disclose the financial terms of the deal, but said the acquisition will boost its annual sales by $160 million.
The 40 stores, which are in the Indianapolis area, are operated under the Shell banner and also sell motor fuel.
Couche-Tard operates more than 4,900 convenience stores in Canada and the United States, 3,000 of which sell motor fuel.
($1=$1.14 Canadian)

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