Couche-Tard to buy stores in Estonia

Alimentation Couche-Tard is expanding its European network of filling stations and convenience stores.

The Quebec-based company has agreed to acquire 23 locations in Estonia, currently operated under the Premium 7 brand.

That includes 11 full service fuel stations with convenience stores and 12 automated fuel stations.

Couche-Tard says the two sides of the transaction won't be disclosing the price.

READ: Couche-Tard to retire Mac’s banner

It will initially rebrand the sites under the Statoil brand and then switch it within a year to the Circle K global brand.

The Laval-based company had previously announced plans to replace its Mac's brand in Canada with the Circle K brand while retaining Couche-Tard as its retail brand in its home province.

Couche-Tard will have a total of 77 company-operated stores and fuel stations in Estonia after completing the 23-site purchase from Sevenoil Est OU and its affiliates.