Denis O’Brien to sell Topaz to Couche-Tard just weeks after expansion

Billionaire businessman Denis O’Brien has struck a deal with Canadian convenience and fuel retailer Couche-Tard to offload his Topaz chain of petrol stations weeks after expanding its network.

No takeover price was disclosed by the two parties with the deal expected to close in spring 2016.

It was confirmed that Mr O’Brien’s nephew and Topaz chief executive, Emmet O’Neill will step down from his role and leave the company once the deal is completed early next year.