Couche-Tard Squashes Sinopec Acquisition Rumors

couche-tard 125The retail giant has no current plans to invest in Sinopec.

A number of media outlets have reported that Alimentation Couche-Tard Inc. is among a handful of companies rumored to be pursuing the acquisition of a minority stake in China’s Sinopec.

Couche-Tard reported that it has no plan to invest in the Sinopec placement at this time. Furthermore, should Couche-Tard have material information to communicate, it would be circulated in a timely manner through a press release disclosing the news to the market, the company noted.

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores.

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