Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Couche-Tard to sell aviation fuel business to Air BP

Wed, 03rd Sep 2014 12:50

TORONTO, Sept 2 (Reuters) - Alimentation Couche-Tard Inc said on Wednesday it has agreed to sell its aviationfuel business to Air BP, one of the world's top suppliers ofaviation fuel products and services.

The terms of the deal were not disclosed by Laval,Quebec-based Couche-Tard, which operates gas stations andconvenience stores across North America and Europe.

The deal, subject to regulatory approvals, is expected to becompleted by the end of 2014. Air BP is a subsidiary of energyindustry giant BP Plc.

Couche-Tard acquired the SFR Aviation fuel business via its$2.8 billion takeover of Statoil Fuel and Retail in 2012, whichgave it a major foothold in Europe.

Couche-Tard said SFR Aviation supplies fuel products to bulkcustomers, airliners, general aviation and military aircraft innine countries across Northern Europe. (Reporting by Euan Rocha; Editing by Nick Zieminski)

Related Shares

More News
9 May 2024 15:51

UK dividends calendar - next 7 days

9 May 2024 13:53

IN BRIEF: IP Group joins USD111 million financing round for Hysata

IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round...

9 May 2024 10:26

Balfour Beatty says trades in line amid "progress" on pacts

(Alliance News) - Balfour Beatty PLC on Thursday said it has traded in line with expectations so far in 2024, as it makes progress on major deals.

9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

8 May 2024 13:19

Middle East Crude-Benchmarks fall, snapping two-day streak

SINGAPORE, May 8 (Reuters) - Middle East crude benchmarks Dubai, Oman and Murban fell on Wednesday after rising for consecutive days after Saudi Aramc...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.