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Wednesday, April 7, 2010 as of 11:14 AM ET

Oslo Stock Exchange

The Oslo Stock Exchange () () serves as the main market for trading in the shares of Norwegian companies.

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Alimentation Couche-Tard To Buy Statoil Fuel & Retail For $2.8 Billion

Alimentation Couche-Tard Inc.

places offer on Statoil Fuel & Retail for $2.8 billion deal in European push-Statoil agrees to sell its 54% stake in the fuel retailer as it strengthens focus on exploration and production-Deal follows other big oil companies selling off retail operationsStatoil ASA (STO) Wednesday said it has agreed to sell its stake in transport fuel retailer Statoil Fuel & Retail ASA (SFR.OS) to Canada's Alimentation Couche-Tard Inc. (ATD.A.T) as the Norwegian oil and gas major increases its focus on its exploration and production operations.Statoil joins a long string of oil majors offloading their retail holdings and leaving a challenging market where profits are pressured by high crude oil prices.Alimentation Couche-Tard Inc.--the largest independent convenience store operator in North America--has placed a bid for the fuel retailer in a US$2.8 billion deal as it makes a push into European markets.The offer values the total share capital of Statoil Fuel & Retail at 1...

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