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 |
| Defunct | 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]
Brands and geographic presence
editStatoil 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
edit- ^ Farberg, Andreas L. (2010-09-28). "Mr. McStatoil vil vokse seg stor i Polen". E24 (in Norwegian). Retrieved 2010-10-03.
- ^ 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.
- ^ Lindbæk, Jannik (2010-09-02). "Statoil files OSE application to list Statoil Fuel & Retail ASA". Stavanger: Statoil ASA. Retrieved 2010-10-03.
- ^ "The Board of Oslo Børs admits two new companies to listing". Oslo: Oslo Stock Exchange. 2010-09-29. Retrieved 2010-10-03.
- ^ Koranyi, Balazs (2012-04-18). "Canada's Couche-Tard to buy Statoil Fuel for $2.8 billion". Reuters. Archived from the original on January 5, 2016.
- ^ "Statoil sells 2300 gas stations to Couche-Tard". Stavanger Aftenblad. 2012-04-18.
- ^ BP buys Scandinavian jet fuel business. Reuters, 4 September 2014
- ^ "Couche-Tard Launches Global Circle K Brand". PR Newswire. 2015-09-22.
- ^ "Europe | Couche-Tard". Couche-Tard. Retrieved 2017-06-07.
- ^ Danmark, Circle K. "[Danish] Statoil er blevet til Circle K". www.circlek.dk. Retrieved 2017-06-07.
- ^ "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.
- ^ "Statoil bliver til Circle K". 9 May 2016.
- ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
- ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
- ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
- ^ ""Statoil" degalinės keičia pavadinimą".
- ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
- ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
- ^ "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
