Alimentation Couche-Tard arrives in South Africa

Alimentation Couche-Tard arrives in South Africa

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Each week, we provide an overview of insider trading, investment in local businesses and news from listed companies.

Franchisees in Southern Africa

Alimentation Couche-Tard has granted a franchising license to the South African group Millat which will allow the opening of stores under the Circle K brand in the country. The first establishment should open at the end of the month. Millat is a family investment group active in the hotel and tourism sectors. In addition to its thousands of stores in North America and Europe, Couche-Tard has approximately 1,900 Circle K franchises in Latin America, Africa, the Middle East, Asia and Oceania.

Americans are buying in Gatineau

The Imperial Dade group of New Jersey announced this week the acquisition of Boudreault Packaging, a Gatineau company with subsidiaries in Ontario. Founded in 1976, Boudreault is a distributor of food packaging and cleaning products.

The chairman of the board sells Tecsys

Tecsys Chairman of the Board, David Brereton, sold nearly $4.4 million in shares of the Montreal-based supply chain management software company last week. Mr. Brereton is a major shareholder of Tecsys with an approximate 10% stake. The company has lost nearly 50% on the stock market since the start of the year.

A little more green for the Fonds FTQ

The Fonds de solidarité FTQ and the American company Masonite will invest unspecified sums in the Circular Innovation Fund (CIF), set up by the Montreal manager Cycle Capital and the French firm Demeter. The CIF is particularly interested in technologies aimed at combating climate change and promoting the reuse of resources.

A promising start-up sold

The American company Velodyne Lidar has acquired the Montreal start-up Bluecity for an undisclosed sum. Founded in 2018 by Asad Lesani and Ian Boyd, Bluecity designs software that aims to improve traffic flow. Nasdaq-listed Velodyne bills itself as a world leader in laser-based remote sensing (lidar).

It sells Fiera

The world leader of private management at Fiera Capital, Peter Stock, has sold just over $60,000 of shares in the Quebec asset manager since the beginning of September. Fiera's stock is down nearly 20% since the start of 2022.

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