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BRIEF-Couche-Tard Chairman - We Would Not Participate In A Potential IPO Of The US Business
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BRIEF-Couche-Tard Chairman - We Would Not Participate In A Potential IPO Of The US Business
Mar 12, 2025 8:19 PM

March 13 (Reuters) - Alimentation Couche-Tard ( ANCTF )

* CHAIRMAN: WE HAVE HAD MANY DISCUSSIONS WITH SEVEN & I'S

DACUS

BUT IT HAS ALWAYS STOPPED AT THE REGULATORY ASK, THE THING THAT

WE CANNOT OVERCOME

* CEO: WE ARE ENCOURAGED BY THE INTEREST IN OUR DIVESTMENT

PACKAGE

THAT HAS GONE TO MARKET

* CHAIRMAN: WE COULD UNLOCK MORE VALUE BY DEEPENING OUT

UNDERSTANDING THROUGH DUE DILIGENCE BUT WE HAVE VIRTUALLY NO

ACCESS TO INFORMATION NOW

* CEO: WE SEE LOTS OF AREAS OF COOPERATION WITH SEVEN & I

INCLUDING MERCHANDISING, SUPPLY CHAIN, FOOD OFFERINGS,

DIGITALISATION AND CUSTOMER ENGAGEMENT

* CEO: WE SENT OUT A TEAM TO THE TOHOKU REGION AND WE SAW

THAT WE

DO THE SAME THING IN DISASTER RESPONSE SITUATIONS

* CFO: I THINK INVESTOR UNCERTAINTIES AROUND THE MANAGEMENT

PLAN

ARE REFLECTED IN SEVEN & I'S SHARE PRICE

* CEO: WE ARE CONSIDERING VARIOUS ALTERNATIVE STRUCTURES AND

CARVING OUT THE JAPANESE BUSINESS IS ONE POSSIBILITY

* CHAIRMAN: BUT WE WOULD KEEP CONTROL

* CHAIRMAN: WE WOULD NOT PARTICIPATE IN A POTENTIAL IPO OF

THE US

BUSINESS

* CEO: WE BELIEVE THERE WILL BE SIGNIFICANT INTEREST IN THE

DIVESTITURE PACKAGE

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