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

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish