Statoil ASA's Board of Directors has decided to pre-accept, subject to certain conditions, a cash offer from Alimentation Couche-Tard for the shares in the listed energy and retail company Statoil Fuel & Retail ASA. The proceeds for Statoil's 54% stake in the company are estimated to $ 1.5 billion, as- suming successful closing of the transaction. As a result of the transaction, Statoil Fuel & Retail will no longer be consolidated in Statoil ASA's accounts.
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