Circle K Owner to Buy Total Gas Stations for $3.3 Billion (3)

Canadian convenience-store operator Alimentation Couche-Tard Inc. shares rose as much as 1.7% after it agreed to buy almost 2,200 gasoline stations in Europe from TotalEnergies SE for €3.1 billion ($3.3 billion).

The owner of the Circle K chain said Thursday it made a firm offer for all of the French oil company’s retail assets in Germany and the Netherlands, as well as a 60% stake in the businesses in Belgium and Luxembourg.

The Laval-based, Quebec, company has been looking for sizable acquisitions since its $20 billion bid to buy French retailer Carrefour SA failed two years ago amid government opposition. ...