Couche-Tard will have to wait before expanding into the United States, as Marathon Petroleum’s Speedway gas station chain will be bought by Japanese conglomerate Seven & i Holdings.
• Read also: Speedway: Alimentation Couche-Tard would shop in the United States
The Japanese company that owns the 7-Eleven banner has agreed to pay US $ 21 billion, Bloomberg News reported on Sunday. The world’s largest convenience store player, Seven & i Holdings is adding 3,900 stores.
Since the beginning of the year, rumors wanting that the American oil company Marathon would divest itself of the Speedway convenience stores to the highest bidder. Couche-Tard would have been one of the contenders even though she never officially confirmed her desire to buy it.
This is not the first time this year that the Quebec company has not moved forward for a chain that interested it.
She put her transaction to swallow Caltex Australia on hiatus in April.
The Laval convenience store chain has said it wants to double its size and achieve sales by 2023 of $ 100 billion.
In 2017, Couche-Tard bought the CST Brands and Holiday convenience store chains in the United States. The company had paid nearly $ 6 billion.
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