1.50pm Dublin, Ireland, Monday February 1st 2016 – Topaz Energy Group Ltd. (“Topaz”) confirms that it has today joined with Alimentation Couche-Tard (“Couche-Tard”). The transaction, which was announced on 2nd December 2015, has been approved by the EU Commission and all final closing requirements have now been completed.
Niall Anderton, formerly the Chief Financial Officer (CFO) of Topaz, has been appointed Managing Director in succession to Emmet O’Neil. O’Neill stepped down on the completion of the transaction, as was previously announced.
Anderton joined Topaz as CFO a year ago. He has a strong retail background, having held senior executive positions in Primark, O2 and Brown Thomas.
Speaking today, Jørn Madsen, Couche-Tard’s EVP for Central & Eastern Europe and responsible for their business in Ireland said “We are very pleased to have closed the transaction in such a timely manner and are ready to shift our focus to fully integrating Topaz into the Couche-Tard family. We are particularly pleased that Niall will take over as the leader of our business in Ireland.” He adds “We have been working closely with Niall over the last few months and we are certain that he is the right person to lead Topaz through the next phase of its development.”
Niall Anderton said he was looking forward to an exciting program in the months and years ahead. “It’s a tremendous honour to be given this responsibility. We have a really exciting and ambitious agenda ahead, completing the integration of the Esso business here in Ireland and our integration into the wider Couche-Tard family, while always maintaining our focus on our customers and partners. Couche-Tard is an exceptional company which is committed to becoming the world’s preferred convenience and fuel retailer. I believe its presence in Ireland will bring significant benefits to consumers. I’m really looking forward to leading this business over the coming years and to meeting all our partners and dealers and, most importantly, our customers.”
Topaz is the leading convenience and fuel retailer in Ireland, made up of 444 stations across the island of Ireland, including its recently acquired Esso station network. Of these stations, 158 are owned by Topaz and 286 by dealers. The agreement also encompasses a commercial fuels operation, with over 30 depots and two owned terminals.
Couche-Tard is one of the world’s leading convenience and fuel retail businesses. The company has approximately 15,000 sites across its network in North America (U.S. and Canada), Europe (Norway, Sweden, Denmark, Poland, the Baltics and Russia), Asia and the Middle East. Approximately 100,000 people are employed in its network across the world.