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Statoil confirms its acceptance of Alimentation Couche-Tard’s offer for Statoil Fuel & Retail

May 23, 2012, 08:40 CEST
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Torgrim Reitan, konserndirektør for økonomi og finans

Statoil chief financial officer Torgrim Reitan says: “Statoil ASA has accepted this offer. We consider the offer to be attractive. It provides shareholders in Statoil Fuel & Retail with the opportunity to realise a substantial return since the IPO in 2010."

Statoil has received no alternative competing offers for its stake in Statoil Fuel & Retail. The offer from Couche-Tard delivers a premium of 53 % to the closing price of Statoil Fuel & Retail shares on April 17, 2012, the last trading day prior to the announcement of the offer.

“In addition to delivering an attractive premium, it is important for Statoil that Couche-Tard is a strong industrial buyer that will enable Statoil Fuel & Retail to pursue its strategy under new and long term industrial ownership, for the benefit of its customers and employees,” says Reitan.

The offer has been extended and will now expire at 17:30 CET on May 29, 2012. The extension provides additional time for remaining shareholders to tender their shares to Couche-Tard.

For more information, please contact:

Investor relations:
Hilde Merete Nafstad, senior vice president investor relations,
Tel: +47 95 78 39 11

Press:
Jannik Lindbæk Jr, vice president for media relations,
Tel: +47 97 75 56 22