On July 3, 2018, Couche-Tard sold 13 retail sites in the Atlantic provinces in Canada to Irving Oil Ltd. for approximately $30 million. Couche-Tard acquired the stores, which Couche-Tard will continue to operate, through the CST acquisition.
The company also completed the construction, relocation or reconstruction of 10 stores during the quarter. As of July 22, 2018, it had 32 stores under construction that are slated to open in upcoming quarters.
Laval, Quebec-based Couche-Tard's retail network includes 9,978 c-stores in North America in 48 U.S. states and all 10 provinces in Canada, primarily under the Circle K and Holiday brands. Through CrossAmerica Partners LP, Allentown, Pa., Couche-Tard supplies motor fuel to approximately 1,300 U.S. locations. In Europe, Couche-Tard operates a retail network in Scandinavia, Ireland, Poland, the Baltics and Russia of 2,723 c-stores and automated fuel stations. Also, licensees operate more than 2,000 stores under the Circle K banner in 16 other countries (Cambodia, China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Macau, Malaysia, Mexico, Mongolia, the Philippines, Saudi Arabia, the United Arab Emirates and Vietnam), bringing the worldwide total to more than 16,000 stores.