Canada's Couche-Tard in talks with Grupo Ultra to buy stake in Brazil's fuel retailer Ipiranga
Canada's Alimentation Couche-Tard is in talks with Grupo Ultra to buy a stake in Ipiranga, Brazil's second-largest fuel distributor. With more than 6,000 service stations, Ipiranga generates over 140 billion reais in annual revenue.
Canada's Alimentation Couche-Tard, a convenience-store and fuel retailer, is in talks with Grupo Ultra to buy a stake in Ipiranga, Brazil's second-largest fuel distributor.
Ipiranga operates more than 6,000 service stations across Brazil and generates over 140 billion reais in annual revenue. A potential deal would fit Couche-Tard's strategy of expanding its footprint in Latin America.
The talks have not been finalized. Analysts are watching for details on the price and scope of any transaction, as well as the regulatory approval process that a deal of this size would require.
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