MONTREAL, March 21, 2017 – METRO INC. (TSX: MRU) (“Metro”) announced today that it sold to Metro Canada Holdings Inc. (“Metro Holdings”), a wholly-owned subsidiary of Metro, on March 20, 2017, an aggregate of 32,227,044 Class A Multiple Voting Shares of Alimentation Couche-Tard Inc. (“Couche-Tard”), representing approximately 21.81% of the issued and outstanding Class A Multiple Voting Shares of Couche-Tard, pursuant to a share purchase agreement with Metro (the “Transaction”) for an aggregate price of C$2,016,446,143 and a per share price of C$62.57.
Immediately before the Transaction, Metro Holdings did not hold any Class A Multiple Voting Shares of Couche-Tard. Following the Transaction, Metro Holdings holds 32,227,044 Class A Multiple Voting Shares of Couche-Tard.
The Class A Multiple Voting Shares were sold in connection with an internal reorganization of Metro.
This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers.
A copy of the early warning report to be filed in connection with the Transaction may be obtained by contacting François Thibault, Executive Vice-President, Chief Financial Officer and Treasurer of Metro, at 514-643-1000.
With annual sales of over $12 billion and over 65,000 employees, METRO INC. is a leader in the food and pharmaceutical distribution in Quebec and Ontario, where it operates a network of more than 600 food stores under several banners including Metro, Metro Plus, Super C and Food Basics, as well as over 250 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.