Topaz owner Couche-Tard in $4bn US buy

Canada’s Couche-Tard has agreed to buy the forecourt chain CST Brands for almost $4bn (€3.5bn), using its biggest-ever acquisition to expand its foothold in Texas and eastern Canada.

The company entered the Irish market by buying Topaz fuel stations here late last year.

Couche-Tard completed purchasing Topaz’s 444 Irish outlets, which included Esso forecourts, in February. It subsequently bought Shell’s downstream retail business in Denmark.