Alimentation Couche-Tard has agreed to acquire all issued and outstanding shares of Holiday Stationstores and certain affiliated companies (Holiday).

Holiday owns 522 stores, a food commissary, and a fuel terminal located in Newport, Minnesota. The company offers services in ten states of the US, including Minnesota, Wisconsin, Washington, Idaho, Montana, Wyoming, North Dakota, South Dakota, Michigan and Alaska.

Couche-Tard has appointed Cleary Gottlieb Steen & Hamilton as the legal adviser for the transaction.

"Oil and Natural Gas Corporation (ONGC) plans to acquire the Government of India’s (GoI) 51.11% interest in Hindustan Petroleum Corporation (HPCL). The transaction is estimated to be valued at approximately $4.4bn, according to sources."

Scheduled for completion in the fiscal year 2018, the transaction will allow Couche-Tard to expand its fuel retailing business.

Oil and Natural Gas Corporation (ONGC) plans to acquire the Government of India’s (GoI) 51.11% interest in Hindustan Petroleum Corporation (HPCL). The transaction is estimated to be valued at approximately $4.4bn, according to sources.

HPCL owns and operates Mumbai and Visakhapatnam refineries, which have a capacity of 6.5mmtpa and 8.3mmtpa respectively. The company also owns and operates the Lube Refinery with a capacity of 428,000 metric tonnes of lube-base oils.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Scheduled for completion by the end of fiscal year 2018, the transaction will allow ONGC to strengthen its business operations.