Couche-Tard Makes Move into Europe

Alimentation Couche-Tard Inc., parent company of the Circle K convenience store chain in the United States, announced today it has signed a definitive agreement for a voluntary offer to acquire all of the issued and outstanding shares of Statoil Fuel & Retail for cash consideration of 53 Norwegian kroner, or $9.22, per share before reduction for any dividends and other distributions after Dec. 31, 2011, valuing the total share capital of Statoil Fuel & Retail at $2.8 billion (U.S) and transforming Couche-Tard into a truly global convenience-store operator.