Alimentation Couche-Tard may sell some of its non-core real estate assets

With the acquisition of Esso stations complete, Couche-Tard is anticipating the closing of the US$3.4-billion purchase of CST Brands to be finalized in the summer.

The CST deal is prompting the company to examine its entire global real estate portfolio to see if it could realize bigger profits by selling some locations for residential or other real estate developments.

“We’re going to take a really hard look and see us in the coming months come out with a strategy to divest some non-core assets as part of that purchase,” CEO Brian Hannasch told analysts during a conference call.