Brief: Alimentation Couche-Tard And Crossamerica Announce Agreement For Series Of Asset Exchanges

Crossamerica Partners LP

17/12/2018 12:08

Dec 17 (Reuters) - Alimentation Couche-Tard Inc  ATDb.TO :
    * ALIMENTATION COUCHE-TARD AND CROSSAMERICA ANNOUNCE
AGREEMENT FOR
SERIES OF ASSET EXCHANGES
    * TRANSACTIONS EXPECTED TO BE ACCRETIVE TO CROSSAMERICA'S
DISTRIBUTABLE CASH FLOW TO LIMITED PARTNERS
    * CROSSAMERICA HAS AGREED TO SELL TO COUCHE-TARD ASSETS
HAVING AN
AGGREGATE VALUE OF APPROXIMATELY US$184.5 MILLION
    * ALIMENTATION COUCHE-TARD - CROSSAMERICA AGREED TO SELL TO
CO
REAL ESTATE PROPERTY FOR 56 U.S. COMPANY-OPERATED CONVENIENCE
AND FUEL RETAIL STORES
    * IT IS EXPECTED THAT THERE WILL BE NO ADDITIONAL FUNDING
REQUIRED
AS PART OF THESE TRANSACTIONS

Source text for Eikon:  ID:nCNWFGVHXa 
Further company coverage:  ATDb.TO 

 ((Reuters.Briefs@thomsonreuters.com))