Smart Checkout coming to Circle K, Couche-Tard stores worldwide
Alimentation Couche-Tard has announced it will deploy smart checkouts to over 7000 Circle K and Couche-Tard stores across its global network.
Couche-Tard
Couche-Tard and Philip Morris suspend Russian operations
Couche-Tard and Philip Morris have joined a host of other companies in suspending operations in Russia in response to the conflict in Ukraine.
EG Group finalise Oliver’s Real Food deal
Health-focussed fast food chain Oliver’s Real Food (OLI) has finalised a long-term supply agreement with UK based EG Group. Under the agreement EG will pay Oliver’s a one off $500,000 license fee for the exclusive use of Oliver’s branding under a 10 year deal. Oliver’s will also supply all products sold at EG’s Oliver’s outlets. …
Caltex one step closer to Ampol rebrand
Caltex has revealed the newly redesigned Ampol logo as it gears up for a major rebrand back to the name. Unveiling the modernised logo on Wednesday, Caltex said it “nods to our proud 80 year history, but is a modern reflection of our organisation, as it exists today”, adding it symbolised ‘forward momentum’ and reflected …
COVID-19 puts Caltex deal on ice
Couche-Tard (ATD) has shelved their acquisition plans for Caltex amid the uncertainty and negative financial impact of COVID-19. The Canadian convenience giant has announced that while they view Caltex as a ‘strong strategic fit’ for their brand and an ‘important component for its Asia Pacific expansion strategy’, they will not proceed with the $8.8 billion …
Bidding war for Caltex ramps up
The bidding war for Caltex is gaining steam, with UK based EG Group submitting a long-anticipated bid for the company. It comes just days after Caltex announced they had granted EG’s Canadian rival Couche-Tard due diligence following their third and final $8.8 billion bid for the company. EG’s bid is split as $3.9 billion in …
Couche-Tard make final Caltex bid
Canadian conglomerate Couche-Tard have put forward their final bid for Caltex. Caltex confirmed this morning they had received the revised bid from Alimentation Couche-Tard (ATD) to acquire all shares at a price of A$35.25 per share (less dividends). The deal is estimated to be worth $8.8 billion. The higher bid follows Caltex sharing non-public information …
Caltex confirm multiple companies interested
Caltex Australia have confirmed they have been approached by the UK Group EG Group. Releasing a statement following media speculation of the approach, the company announced they have had approaches from multiple parties showing interest in acquiring Caltex or part thereof. However they note they have not received any proposed to acquire the company …
EG reportedly considering Caltex Australia bid
Caltex Australia may have another takeover bid to contend with, according to Bloomberg. The media group have reported that the UK’s EG Group are potentially considering a takeover bid. According to the news, EG are currently working with a financial advisor to evaluate the viability of the bid. At this stage there is no move …
The biggest petrol stories of 2019
It has been a big year for petrol news, with big company sell offs, new technologies and executive movements. So it’s of little surprise that petrol stories got you clicking in 2019 as C&I kept readers informed about the latest news. There was plenty of news from 7-Eleven, including the auction of 15 national stores …