The sale includes Shell’s retail, commercial fleet, commercial fuels, aviation and connected trading and supply products businesses.
Shell’s Danish retail business includes 315 sites, of which 225 are full-service stations, 75 are automated fuel stations and 15 are truck stops.
The company’s commercial fuels operation, as well as an aviation business are currently operating at seven airports including Copenhagen Airport.
Subject to regulatory approvals, the deal is expected to be completed later this year.
Couche-Tard’s subsidiary Statoil Fuel and Retail will manage the new businesses.
Couche-Tard president and CEO Brian Hannasch said: "In 2012, after the acquisition of Statoil Fuel & Retail, we declared that SFR would be our platform for growth in Europe.
"Following the integration of SFR into Couche-Tard, we are now pleased to take this next step forward in the European market."
Couche-Tard Europe group president Jacob Schram said: "This acquisition would be a great addition to our network in Scandinavia. It represents an excellent strategic fit for our business."
As per the agreed terms, Couche-Tard will have the right to use the Shell brand in Denmark for up to ten years.
In Europe, Couche-Tard operates across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltics (Estonia, Latvia and Lithuania) and Russia. It has 2,239 stores that include fuel stations, and unmanned automated service-stations.
Image: Shell’s Danish Retail business comprises 315 sites. Photo: courtesy of Royal Dutch Shell / flickr.
