Royal Dutch Shell inked a deal with Quebec-based Couche-Tard on Wednesday to sell its Denmark marking operations.
The deal includes Shell’s retail, commercial fleet, commercial fuels, aviation and connected trading and supply products businesses.
Couche-Tard will acquire 315 sites including 225 full service fuel stations, 75 are automated fuel stations and 15 truck stops.
Shell owns 140 of 315 sites with 155 leased from third parties and 60 being dealer-owned.
The businesses will be managed by Statoil Fuel and Retail A/S (SFR), a wholly-owned indirect subsidiary of Couche-Tard.
The value of the deal was not disclosed.
The deal also includes a trademark license agreement that will keep “the Shell brand to remain highly visible in Denmark through the Shell branded retail network and in the fuels wholesaling sector,” Shell said.
The euroShell card scheme will continue to be available to customers and lubricants will continue to be delivered through a separate macro distributor agreement with Univar.
Shell said its upstream business in Denmark will not be impacted by the sale.
The deal is subject to regulatory approvals and is expected to be complete in 2015.
Shell added it is also currently seeking a buyer for its Fredericia refinery in Denmark.
“Shell Denmark operates an attractive fuel network with good locations, well-upgraded forecourts and a professional team that would complement our existing business in Denmark,” SFR executive vice president Scandinavia Hans-Olav Høidahl said.