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Statoil Fuel & Retail
Company type Subsidiary
Industry Petroleum, Retail
Predecessor Statoil ASA
Founded2010; 14 years ago (2010)
Defunct2016 (2016)
FateAcquired by Alimentation Couche-Tard and rebranded as Circle K
Headquarters Oslo, Norway
Number of locations
2,239 stations
Area served
Northern Europe
RevenueIncrease NOK 73.7 billion (2011)
Number of employees
17,500 (2014)
Parent Alimentation Couche-Tard
Website www.statoilfuelretail.com
Statoil in Lithuania

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]

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]

Brands and geographic presence

Statoil Fuel & Retail was presented in eight countries (2010): [11]

Country "Statoil"
branded stations 		"Statoil"
branded stations after merge with Alimentation Couche-Tard 		"1-2-3"
branded stations 		Ingo
branded stations 		Total number
of "Statoil" stations before merger 		Remark
  Denmark 214 (Merged in 2016) [12] 0[ citation needed] 71 24 309 Manager: Fuchs Petrolub from 2015 [13]
  Estonia 46 (Merged in 2017) 0 6 - 52 Manager: Fuchs Petrolub from 2015 [14]
  Latvia 74 (Merged from 2017 till 2018) 0 5 - 79 Manager: Fuchs Petrolub from 2015 [15]
  Lithuania 63 (Merged from 2017 till 2018) 0 13 - 77 [16] Manager: Fuchs Petrolub from 2015 [17]
  Norway 427 (Merged from 2015 till 2016) 1(data from April 6, 2017) 145 - 572 Manager: Fuchs Petrolub from 2015 [18]
  Poland 249 (Merged in 2016) 0 48 - 297
  Russia 19 (Merged in 2018) 19 - - 19
  Sweden 682 (Merged from 2015 till 2016) 0 - 123 805 Manager: Fuchs Petrolub from 2015 [19]

References

  1. ^ Farberg, Andreas L. (2010-09-28). "Mr. McStatoil vil vokse seg stor i Polen". E24 (in Norwegian). Retrieved 2010-10-03.
  2. ^ Torp, Cathrine (2010-02-03). "Statoil opens for a new ownership structure for its energy and retail business". Stavanger: Statoil ASA. Retrieved 2010-10-03.
  3. ^ Lindbæk, Jannik (2010-09-02). "Statoil files OSE application to list Statoil Fuel & Retail ASA". Stavanger: Statoil ASA. Retrieved 2010-10-03.
  4. ^ "The Board of Oslo Børs admits two new companies to listing". Oslo: Oslo Stock Exchange. 2010-09-29. Retrieved 2010-10-03.
  5. ^ Koranyi, Balazs (2012-04-18). "Canada's Couche-Tard to buy Statoil Fuel for $2.8 billion". Reuters.
  6. ^ "Statoil sells 2300 gas stations to Couche-Tard". Stavanger Aftenblad. 2012-04-18.
  7. ^ BP buys Scandinavian jet fuel business. Reuters, 4 September 2014
  8. ^ "Couche-Tard Launches Global Circle K Brand". PR Newswire. 2015-09-22.
  9. ^ "Europe | Couche-Tard". Couche-Tard. Retrieved 2017-06-07.
  10. ^ Danmark, Circle K. "[Danish] Statoil er blevet til Circle K". www.circlek.dk. Retrieved 2017-06-07.
  11. ^ "Statoil Fuel & Retail - Our operations". Oslo: Statoil Fuel & Retail ASA. 2010-09-02. Archived from the original on December 14, 2010. Retrieved 2010-10-22.
  12. ^ "Statoil bliver til Circle K". 9 May 2016.
  13. ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  14. ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  15. ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  16. ^ ""Statoil" degalinės keičia pavadinimą".
  17. ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  18. ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  19. ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".

External links

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