Statoil Fuel & Retail
| 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 |
Statoil Fuel & Retail was a Norwegian petrol station chain, formed by the 2010 separation of the downstream business of Statoil ASA into a separate listed company.
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. It was listed as a separate company on the Oslo Stock Exchange on October 22, 2010.
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. The deal included the right to use the "Statoil" brand for the stations until 30 September 2019.
In September 2014, the jet fuel business of Statoil Fuel & Retail was sold to BP for an undisclosed amount.
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.
In 2016, Couche-Tard decided to merge Circle K and Statoil Fuel & Retail into the Circle K brand.