Topaz (Circle K Ireland) unveils next generation fuel that contains a unique blend of additives

Topaz (Circle K Ireland) unveils next generation fuel that contains a unique blend of additives

 

DUBLIN, IRELAND, 2017-Jul-21 — /EPR Retail News/ — Topaz (Circle K Ireland), Ireland’s largest fuel and convenience retailer, has unveiled its new miles fuel brand in Ireland at an official launch event at its flagship service station at Junction 5 on the M9 Dublin/Waterford Road, Rathcrogue, Co. Carlow. In doing so, Topaz also announced an investment of €26m across its network of over 430 service stations over the next four years as part of the continued rollout of its new, superior fuel offering.

The €26m investment will cover implementation of the new miles brand with substantial investment in new pumps, forecourt renovation, and the upgrade and replacement of fuel tanks across the Topaz network in Ireland. The introduction of miles to the Irish market and overall level of investment will serve to build upon Topaz’s position as market leaders and ensure it stays ahead of its competitors.

In Ireland, miles has already been introduced in 90% of service stations, and is on target to be available at all service stations by August 2017.

miles is a next generation fuel that contains a unique blend of additives designed to take motorists up to 3% further – which can potentially save motorists up to €600 per year at the pump.

With miles, Topaz is currently the only retailer in the Republic of Ireland delivering quality additised fuel across all of its service stations. Its performance has been tested and verified by a third party independent research and development centre. All miles fuels are quality approved by AA Ireland which further confirms miles as a superior quality fuel.

Launched in Stockholm, Sweden in April 2013 by Circle K, the miles fuel brand has enjoyed tremendous success across Europe. It has been introduced in a total of seven countries so far – Norway, Sweden, Denmark, Latvia, Lithuania, Estonia, and Poland and will soon be available across a total of 2,374 stations Europe-wide.

Niall Anderton, Managing Director, Topaz (Circle K Ireland) spoke at the launch: “The official launch of our miles fuel brand represents a significant milestone in both our own development and expansion, and our integration with Circle K. miles is one of the core offerings of Circle K and we are very confident it will be successful in Ireland. We are very proud of the fact that miles is the only fuel brand in the country offering quality additised fuel to Irish motorists across all our service stations and we expect it to have significant benefits for consumers at the pump”.

“This overall investment of €26 million represents our commitment to delivering the very best quality products, and level of service for the benefit of our customers, in addition to building upon our established position of market leaders.”

Also present at today’s launch in Carlow was Jacob Schram, Group President, European Operations, Circle K who commented, “We are delighted to be here today to celebrate the arrival of miles in the Irish market. miles has enjoyed unprecedented success in other markets across Europe and Irish consumers can rest assured of the quality of this product. In addition to fuel, there is a range of further exciting offerings to come from Circle K across our other core areas of food, coffee and car wash which consumers in Ireland can look forward to and expect the very best from. Overall, we are very much enjoying imparting the expertise of Circle K on the business here in Ireland and coupling this with the exceptional level of industry knowledge in existence here already.”

Topaz recently opened its new flagship service station at Junction 5 on the M9, Rathcrogue, Co. Carlow. The opening of Topaz Junction 5 M9 resulted in the creation of 115 jobs along with the introduction of three new food court offerings on the busy Dublin to Waterford road.

The innovative forecourt features a robust and varied retail and food court offering, including Topaz’s renowned healthy ‘food on the go’ offer – Re.Store, its latest Mexican street-food concept Cantina and a McDonald’s restaurant, as well as extensive self-service customer refreshment and coffee facilities

About Topaz (Circle K Ireland): 
Topaz, part of the global fuel and convenience store brand Circle K, is the leading fuel and convenience retailer in Ireland. Its retail network is made up of over 430 stations across the island of Ireland. Of these stations, over 160 are owned by Topaz and over 270 are owned by dealers. The company also operates a large commercial fuels business, with over 30 depots and three owned terminals across the country.
About miles

miles is a next generation fuel that contains a unique blend of additives designed to take motorists up to 3% further. Its performance has been tested and verified by a third party independent research and development centre. All miles fuels are Quality Approved by AA Ireland – which further confirms miles as a superior quality fuel.
The main innovation with miles is a powerful new fuel additive, which can provide better economy on a tank of miles fuel when compared to standard fuels. This innovation comes with direct benefits to motorists; miles can clean and protect engines, enhance engine efficiency and improve reliability, and reduce harmful exhaust emissions.

For further information, please contact: 
Dan O’Neill
Teneo PSG
dan.oneill@teneopsg.com
00353 87123 2182

Rachel McFaul
Teneo PSG
rachel.mcfaul@teneopsg.com
00353 85 782 7230

Source: Topaz

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Couche-Tard received approval from the European Commission to acquire Shell’s downstream retail business in Denmark

Laval, Québec, Canada, 2016-Mar-25 — /EPR Retail News/ — Alimentation Couche-Tard Inc. (“Couche-Tard”) (TSX: ATD.A / ATD.B) announces that it has received approval today from the European Commission for its deal to acquire A/S Dansk Shell’s downstream retail business in Denmark, subject to divestment commitments. Completion of the acquisition is expected to occur in May 2016. It will be financed from Couche-Tard’s available cash and existing credit facilities.

In March 2015, Couche-Tard announced an agreement with A/S Dansk Shell to acquire its Retail, Commercial Fuels and Aviation businesses in Denmark. Shell’s Danish Retail business comprises 315 sites, of which 225 are full-service stations, 75 are unmanned automated fuel stations and 15 are truck stops. Of the 315 sites, 140 are owned by Shell, 115 are leased from third parties and 60 are dealer-owned.

Since then, Couche-Tard has worked closely with the European Commission with the aim of obtaining approval for the transaction as compatible with Europe’s internal market and with the European Economic Area Agreement. Couche-Tard today announces that it has received approval to retain 131 sites, of which 90 are owned and 41 are leased from third parties. Of these 131 sites, 74 are full-service stations, 49 are unmanned automated fuel stations and 8 are truck stops.

Subsequent to this transaction, Couche-Tard’s network in Denmark would include a total of 286 company operated-stores, 153 company-owned and dealer operated and 44 dealer owned and dealer operated. Included therein are 211 unmanned automated sites.

Couche-Tard has proposed to divest a mix of both its current sites and Shell-branded stations, including the Shell/7-Eleven network and Shell’s dealer-owned network. In addition, Couche-Tard has proposed to divesting A/S Dansk Shell’s commercial and aviation fuels businesses.

Couche-Tard, through its wholly-owned indirect Danish subsidiary Statoil Fuel & Retail A/S, has signed an agreement for the sale of the divested assets with DCC Holding A/S, a subsidiary of DCC plc. Pending the customary regulatory approvals, this transaction is expected to close during the second half of fiscal 2017. Until approval and completion of this transaction, Couche-Tard and the divested businesses will continue to operate separately.

Today is a great day for Couche-Tard in Denmark,” says Jacob Schram, Couche-Tard’s Group President Europe. “The acquisition from Dansk Shell puts us in a strong position in the Danish market – a core market for Couche-Tard in Europe.”

Hans-Olav Høidahl, SVP Scandinavia, Statoil Fuel & Retail says, “Shell operates an attractive network in Denmark. Combining our operations will give us the opportunity to create a winning unmanned offering and develop an unrivalled full-service and convenience offering in Denmark.” Høidahl continues, “The divestment package allows us to concentrate on operations that are in line with our business model, extending our reach to additional, desirable areas of the market while reducing site overlap.”

Plesner, Euclid Law and Oxera have acted as economic advisors to Couche-Tard for this transaction.

Profile
Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian and Baltic countries with a significant presence in Poland.

As of January 31, 2016, Couche-Tard’s network comprised 7,979 convenience stores throughout North America, including 6,560 stores offering road transportation fuel. Its North-American network consists of 15 business units, including 11 in the United States covering 41 states and four in Canada covering all ten provinces. About 80,000 people are employed throughout its network and at its service offices in North America.

In Europe, Couche-Tard operates a broad retail network across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltics (Estonia, Latvia and Lithuania) and Russia. As of January 31, 2016, it comprised 2,218 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated fuel stations. Couche-Tard also offers other products, including stationary energy, marine fuel and chemicals. Couche-Tard operates key fuel terminals and fuel depots in six European countries. Including employees at franchise stations carrying its brands, about 19,000 people work in its retail network, terminals and service offices across Europe. Since its acquisition of Topaz Energy Group Limited on February 1, 2016, Couche-Tard also operates a convenience and fuel retailing network comprised of 444 service stations in Ireland as well as a significant commercial fuels operation, with over 30 depots and two terminals

In addition, around 1,500 stores are operated by independent operators under the Circle K banner in 13 other countries or regions worldwide (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Macau, Malaysia, Mexico, the Philippines, the United Arab Emirates and Vietnam).

Contacts:

Investor Relations
Claude Tessier, Chief Financial Officer
Tel: 450-662-6632, ext. 4607
claude.tessier@couche-tard.com

Media relations
Karen Romer, Director Global Communications
Tel: +1 (514) 603- 4505 / +47 950 74 950
karen.romer@couche-tard.com

Forward Looking Statements
The statements set forth in this press release, which describes Couche-Tard’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of securities legislation. Positive or negative verbs such as ”believe”, “could”, “should”, “intend”, “expect”, ”estimate”, “assume” and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forwardlooking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche-Tard’s actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in the reports filed by Couche-Tard with securities authorities in Canada and the United States. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of the release.

SOURCE:  Alimentation Couche-Tard Inc.

Alimentation Couche-Tard Inc. to acquire Ireland’s leading convenience and fuel retailer Topaz

Laval, Québec, Canada, 2015-12-4 — /EPR Retail News/ —Alimentation Couche-Tard Inc. (“Couche-Tard”) (TSX: ATD.A/ATD.B) announces today that it has signed, through one of its wholly-owned indirect subsidiaries, an agreement to acquire Ireland’s leading convenience and fuel retailer Topaz, through purchasing the majority share capital (more than 99.86%) of both Topaz Energy Group Limited (“TEGL”) and Resource Property Investment Fund plc (“RPIF”), together with the entire share capital of Esso Ireland Limited. The minority shareholders of TEGL and RPIF will be invited to take part in the same opportunity. This acquisition would position Couche-Tard as the leading convenience and fuel retailer in Ireland.

The transaction is anticipated to close in the fourth quarter of Couche-Tard’s fiscal year 2016 and is subject to the usual regulatory approvals and closing conditions. It would be financed using Couche-Tard’s available cash and existing credit facilities. The parties have agreed not to disclose the purchase price for this acquisition.

Topaz is the leading convenience and fuel retailer in the country, made up of 464 stations across the island of Ireland including its recently acquired Esso station network. Of these stations, 162 are owned by Topaz and 302 by dealers. The agreement also encompasses a commercial fuels operation, with over 30 depots and two owned terminals.

“In 2012 we declared that Statoil Fuel & Retail would be our platform for growth in Europe. This agreement to acquire Topaz’s network and assets, our second announcement in Europe this year following the Danish Shell deal, would allow us to add yet another high quality network to our operations,” says Brian Hannasch, President & CEO of Couche-Tard. “Ireland has been on an extraordinary journey over the past decade. We have been looking at this market for several years. With the addition of Topaz, we would expand our geographic footprint into what, today, is one of Europe’s best performing economies.”

“As part of the larger Couche-Tard merchant family, and with the strong, global Circle K brand in our portfolio, we are well-equipped to take on this significant market,” says Jacob Schram, Couche-Tard’s Group President Europe. “Topaz would be a great strategic fit for Couche-Tard and it would strengthen our position in Western Europe. It has an extensive and attractive convenience and fuel network, with good locations, quality forecourts and stores, an excellent food offering and very professional teams. We look forward to welcoming Topaz into our family.”

INVITATION TO CONFERENCE CALL FOR ANALYSTS AND MEDIA
Alimentation Couche-Tard Inc. invites the analysts and media representatives to a conference call to which representatives of the Management Team will participate. The conference call will start at 8:45 A.M. promptly (ET)/ 1:45 P.M. (GMT) and analysts and media representatives will need to contact CNW at one of the following numbers: 1-866-865-3087, 1-647-427-7450 or 514- 807-9895, conference number # 95369970 and will need to identify themselves. Lines will be available 30 minutes in advance to allow them to register. Participants who wish to join the call after it started will not be able to join it.

About Alimentation Couche-Tard Inc.
Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian and Baltic countries, with a significant presence in Poland.

As of October 11, 2015, Couche-Tard’s network comprised 8,006 convenience stores throughout North America, including 6,579 stores offering road transportation fuel. Its North American network consists of 15 business units, including 11 in the United States covering 41 States and four in Canada covering all ten provinces. About 80,000 people are employed throughout its network and at its service offices in North America.

In Europe, Couche-Tard operates a broad retail network across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltics (Estonia, Latvia and Lithuania) and Russia. As at October 11, 2015, it comprised 2,217 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated service stations which offer road transportation fuel only. The Corporation also offers other products, including stationary energy, marine fuel and chemicals. Couche-Tard operates key fuel terminals and fuel depots in six European countries. Including employees at Statoil branded franchise stations, about 19,000 people work in its retail network, terminals and service offices across Europe.

In addition, about 4,700 stores are operated by independent operators under the Circle K banner in 14 other countries or regions worldwide (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Japan, Macau, Malaysia, Mexico, the Philippines, the United Arab Emirates and Vietnam) which brings to more than 14,900 the number of sites in Couche-Tard’s network.

For more information about Alimentation Couche-Tard Inc., please visit: http://corpo.couche-tard.com.

Contacts
Media Relations:
Karen Romer, Director, Global Communications
Tel: 514-603-4505 / +47 950 74 950
karen.romer@couche-tard.com

Investor Relations:
Sylvain Aubry, Senior Director, Legal Affairs and Corporate Secretary
Tel: 450-662-6632, ext. 4619
sylvain.aubry@couche-tard.com

Forward-Looking Statements
The statements set forth in this press release, which describe Couche-Tard’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of securities legislation. Positive or negative verbs such as “will”, “plan”, “evaluate”, “estimate”, “believe”, “expect” and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche-Tard’s actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in documents filed by Couche-Tard with securities regulatory authorities in Canada. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this press release is based on information available as of the date of the release.

SOURCE: Alimentation Couche-Tard Inc.