LAVAL, QC, Feb. 12, 2014 /CNW Telbec/ - Alimentation Couche-Tard Inc.
(TSX: ATD.A ATD.B) announces that it was brought to its attention that
an information disseminated through electronic media by a third party
financial news service erroneously reported that Couche-Tard had
entered into an agreement with Grupo Modelo to acquire 878 stores
operated under the banner Extra in Mexico.
Couche-Tard wishes to clarify that it was not part of this transaction
and that Circulo K is a licensee of one of its subsidiaries. This
licensee holds rights to develop the Circle K brand in Mexico. For more information about this transaction, please
refer to Grupo Modelo's press release which can be found at http://www.gmodelo.com.mx/sala_prensa_en.jsp.
The third party news service was notified of this misleading information
and pending a rectifying article, Couche-Tard decided to issue this
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 in Scandinavian countries and in the Baltic States while it has a
growing presence in Poland.
As of October 13, 2013, Couche-Tard's network comprises 6,207
convenience stores throughout North America, including 4,698 stores
with road transportation fuel dispensing. Its North-American network
consists of 13 business units, including nine in the United States
covering 38 states and the District of Columbia and four in Canada
covering all ten provinces. More than 60,000 people are employed
throughout its network and at the service offices in North America.
In Europe, Couche-Tard operates a broad retail network across
Scandinavia (Norway, Sweden, Denmark), Poland, the Baltics (Estonia,
Latvia, Lithuania) and Russia with 2,276 stores as at October 13, 2013,
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, aviation fuel,
lubricants and chemicals. Couche-Tard operates key fuel terminals and
fuel depots in eight countries. Including employees at Statoil branded
franchise stations, about 18,500 people work in its retail network,
terminals and service offices across Europe.
In addition, under licensing agreements, about 4,200 stores are operated
under the Circle K banner in ten other countries worldwide (China,
Guam, Honduras, Hong Kong, Indonesia, Japan, Macau, Mexico, Vietnam and
United Arab Emirates) which brings to more than 12,680 the number of
sites in Couche-Tard's network.
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 "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 natures, 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 projections. 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
SOURCE: Alimentation Couche-Tard Inc.
For further information:
Raymond Paré, Vice-President and Chief Financial Officer
Tel: (450) 662-6632 ext. 4607