Circle K owner to expand presence in Asia with $5.8b Caltex bid

Circle K owner to expand presence in Asia with $5.8b Caltex bid

Photo: Bloomberg

Alimentation Couche-Tard Inc.’s A$8.6 billion ($5.8 billion) sweetened offer for Caltex Australia Ltd. will give Couche-Tard a large presence in Asia for its retail business and it may divest Caltex’s refining and infrastructure unit down the road.