Couche-Tard in talks with French grocer Carrefour about potential deal

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Alimentation Couche-Tard Inc. (“Couche-Tard”) confirms that it has recently submitted a non-binding offer letter to Carrefour SA for a friendly combination at a price of €20.00 per Carrefour share (coupon attached). The terms of the transaction are under discussion and remain subject to diligence, but the consideration is currently expected to be in cash in a large majority.

There can be no certainty at this stage that these discussions will result in any agreement or transaction. In considering strategic transactions, Couche-Tard will remain focused on creating stakeholder value. Couche-Tard will keep the public informed of any material developments in this respect if and when it is legally required or otherwise appropriate for the Company to do so.

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