Couche-Tard continues European expansion in Estonia

Canadian c-store giant Alimentation Couche Tard has agreed to buy 23 locations of Premium 7 brand from Sevenoil Est OÜ and its affiliates, according to PR Newswire. The amount of the transaction has not been disclosed.

The assets include 11 full service fuel stations with convenience stores and 12 automated fuel stations.

They will be operated under Statoil brand and within a year will be rebranded as Circle K by its wholly-owned indirect subsidiary in Estonia Circle K Eesti AS.

"This acquisition would be a great addition to Couche-Tard's expansion and growth plans in Europe. Having just added Ireland to our European network and expanded our footprint in Scandinavia with Shell's retail network in Denmark, Couche-Tard's declaration in 2012 is becoming a reality: Circle K Europe (formerly Statoil Fuel & Retail AS) is our platform for growth in Europe," says Jacob Schram, Group President Europe, Couche-Tard.