Canada's Metro to sell part of Couche-Tard stake

Tue Jan 22, 2013 4:34pm EST
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Jan 22 (Reuters) - Canadian grocer Metro Inc said on Tuesday it agreed to sell 48.2 percent of its stake in gas bar and convenience store operator Alimentation Couche-Tard Inc for C$479 million ($482 million).

Following the sale, Metro will still have a 5.7 percent economic interest and a 17.0 percent voting interest in Couche-Tard.