Menu
02/12/2015
Canadian Firm To Acquire Topaz
Ireland's largest fuel retailer Topaz Energy Group is to be sold to Canadian company Alimentation Couche-Tard.
The two companies signed an acquisition agreement today, 02 December.
Subject to regulatory approvals and closing conditions, the transaction will be completed in Spring 2016.
Welcoming the move, Topaz Chairman, John Callaghan, said: "We are delighted to have agreed this transaction with Couche-Tard who are recognised as world leaders in the fuel and convenience store industry. We know they will build on the foundations we have put in place and bring a new dimension to the industry in Ireland to the benefit of the economy, our customers and our staff."
Emmet O'Neill, Chief Executive of Topaz, described the move as a 'game changer' for Ireland's retail sector.
"Couche-Tard is one of the strongest names in retail in the world and their presence in Ireland will transform the retail sector here," he said.
"I am thrilled that they have chosen Topaz as the foundation for their entry to the Irish market. They will bring enormous skill, energy and resources to this business and this market."
(LM/CD)
The two companies signed an acquisition agreement today, 02 December.
Subject to regulatory approvals and closing conditions, the transaction will be completed in Spring 2016.
Welcoming the move, Topaz Chairman, John Callaghan, said: "We are delighted to have agreed this transaction with Couche-Tard who are recognised as world leaders in the fuel and convenience store industry. We know they will build on the foundations we have put in place and bring a new dimension to the industry in Ireland to the benefit of the economy, our customers and our staff."
Emmet O'Neill, Chief Executive of Topaz, described the move as a 'game changer' for Ireland's retail sector.
"Couche-Tard is one of the strongest names in retail in the world and their presence in Ireland will transform the retail sector here," he said.
"I am thrilled that they have chosen Topaz as the foundation for their entry to the Irish market. They will bring enormous skill, energy and resources to this business and this market."
(LM/CD)
Related Irish News Stories
Click here for the latest headlines.
03 December 2019
Future Of Ireland To Be Decided In Ireland, Not Westminster - SF
The future of Ireland will be decided on the island of Ireland, not at Westminster, Sinn Féin President Mary Lou McDonald has said.
Future Of Ireland To Be Decided In Ireland, Not Westminster - SF
The future of Ireland will be decided on the island of Ireland, not at Westminster, Sinn Féin President Mary Lou McDonald has said.
13 March 2020
70 Confirmed Cases Of Covid-19 In Ireland
There have been 27 new confirmed cases of Covid-19 in Ireland, bringing the total number of cases to 70, according to the Health Protection Surveillance Centre (HPSC). 22 cases are associated with local transmission, two are associated with community transmission and three are associated with travel.
70 Confirmed Cases Of Covid-19 In Ireland
There have been 27 new confirmed cases of Covid-19 in Ireland, bringing the total number of cases to 70, according to the Health Protection Surveillance Centre (HPSC). 22 cases are associated with local transmission, two are associated with community transmission and three are associated with travel.
27 November 2008
Job Losses As Border Retailer Closes
There were mixed messages this week with jobs lost as one border retailer closed down, while new positions were being created as another opened in the same region. Some 27 jobs have gone with the closure of Supervalu at the Retail Park in Letterkenny.
Job Losses As Border Retailer Closes
There were mixed messages this week with jobs lost as one border retailer closed down, while new positions were being created as another opened in the same region. Some 27 jobs have gone with the closure of Supervalu at the Retail Park in Letterkenny.
26 September 2019
29 Retailers To Benefit From Online Retail Scheme
Recipients of the second call of the pilot Online Retail Scheme have been announced by the Minister for Business, Enterprise and Innovation, Heather Humphreys. Administered by Enterprise Ireland, a total of 29 retailers have been awarded €659,550 in funding as part of the €1.
29 Retailers To Benefit From Online Retail Scheme
Recipients of the second call of the pilot Online Retail Scheme have been announced by the Minister for Business, Enterprise and Innovation, Heather Humphreys. Administered by Enterprise Ireland, a total of 29 retailers have been awarded €659,550 in funding as part of the €1.
04 April 2019
New Store Robbed On First Day Of Trading
An investigation is underway after a shop in Kildare was burgled after it closed on its first day of trading. JYSK, a new homewares store, opened on Tuesday at Newhall Retail Park in Naas. Just hours after the store closed following its first day of trading, criminals broke into the shop through its roof, some time between 1am and 5am.
New Store Robbed On First Day Of Trading
An investigation is underway after a shop in Kildare was burgled after it closed on its first day of trading. JYSK, a new homewares store, opened on Tuesday at Newhall Retail Park in Naas. Just hours after the store closed following its first day of trading, criminals broke into the shop through its roof, some time between 1am and 5am.
-
Ireland WeatherThis Evening and Tonight:A mainly dry and clear start to the evening but turning cloudier overnight with some outbreaks of light rain or drizzle at times in the south and east. Minimum temperature 7 °C.
