Couche-Tard to buy 27 stores in Washington State

Wed Jul 18, 2012 9:20am EDT
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(Reuters) - Canadian convenience store and gas station operator Alimentation Couche-Tard Inc (ATDb.TO: Quote) said on Wednesday it would buy 27 stores in eastern Washington State from Sun Pacific Energy.

Couche-Tard said 26 of the stores sell motor fuel. It expects the deal to close in November 2012, and bring in more than 43 million gallons of fuel sales and $35 million in merchandise revenue each year.

Couche-Tard operates about 5,800 convenience stores across North America, the majority of which sell motor fuel. It recently extended its reach into Europe by acquiring 2,300-outlet Statoil Fuel & Retail in a $2.6 billion deal.

(Reporting By Allison Martell)