Couche‑Tard must sell retail gas stations in Ontario and QuebecStaff Writer | September 8, 2016
The Canadian Competition Bureau and Couche‑Tard have reached an agreement related to the acquisition by Couche‑Tard of retail gasoline sites from Imperial Oil.
Canada Acquisition by Couche‑Tard of retail gasoline sites from Imperial Oil
Under the terms of the consent agreement registered with the Competition Tribunal, Couche‑Tard must sell the Mac’s‑branded retail gas station in Carleton Place, Ontario, and the Esso‑branded station in St‑Bruno‑de‑Montarville, Quebec.
Under the Competition Act, the Bureau has a mandate to review mergers to determine whether they are likely to result in a substantial lessening or prevention of competition.
In reviewing mergers, the Bureau considers many different elements, including the impact of the proposed transaction on the level of economic concentration in the relevant industry. ■