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The proposed deal would comprise all of the stores at TotalEnergies’ service stations in Germany and the Netherlands as well as a 60% controlling interest in its stores in Belgium and Luxembourg.
The purchase price of about 3.1 billion euros is on a cash-free, debt-free basis, subject to closing adjustments, the Couche-Tard statement said.
Couche-tard said it plans to fund the deal with available cash along with existing and credit facilities and new debt.
($1 = 0.9422 euros)
