Statoil Fuel & Retail
Norwegian energy retail company / From Wikipedia, the free encyclopedia
Statoil Fuel & Retail was a Norwegian energy retail company, formed by the 2010 separation of the downstream business of Statoil ASA into a separate listed company.[1][2]
Company type | Subsidiary |
---|---|
Industry | Petroleum, Retail |
Predecessor | Statoil ASA |
Founded | 2010; 14 years ago (2010) |
Defunct | 2016 (2016) |
Fate | Acquired by Alimentation Couche-Tard and rebranded as Circle K |
Headquarters | Oslo, Norway |
Number of locations | 2,239 stations |
Area served | Northern Europe |
Revenue | NOK 73.7 billion (2011) |
Number of employees | 17,500 (2014) |
Parent | Alimentation Couche-Tard |
Website | www.statoilfuelretail.com |
The company had 2,300 fuel retail stations in Scandinavia, Poland, the Baltic countries and Russia as well as significant lubricants and aviation fuel operations.[3] It was listed as a separate company on the Oslo Stock Exchange on October 22, 2010.[4]
On 18 April 2012 it was announced that Alimentation Couche-Tard would buy Statoil Fuel & Retail for US$2.8 billion and it would become a wholly owned indirect subsidiary of Couche-Tard.[5] The deal included the right to use the "Statoil" brand for the stations until 30 September 2019.[6]
In September 2014, the jet fuel business of Statoil Fuel & Retail was sold to BP for an undisclosed amount.[7]
On 22 September 2015 it was announced that the "Statoil" branding would be phased out, and replaced by Circle K as part of a global rebranding scheme involving all Couche Tard-owned retailers.[8]
In 2016, Couche-Tard decided to merge Circle K and Statoil Fuel & Retail into the Circle K brand.[9][10]