Metro to Raise $482M in Couche-Tard Sale

MONTREAL — Metro Inc. here has agreed to sell nearly half of its holdings in convenience chain operator Alimentation Couche-Tard, raising speculation the retailer is positioning itself to acquire Safeway Canada.

Metro said Tuesday it was selling 10 million Class B shares in Couche-Tard to a consortium of banks led by BMO Nesbitt Burns for around $482 million (U.S.). Metro, which has invested in Couche-T

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