The Competition Bureau has reached an agreement with Shell Canada Limited and its affiliates, including Canadian Mobility Services Limited, to resolve competition concerns related to its proposed acquisition of 56 retail gas stations from Sobeys Capital Incorporated in western Canada.
The Bureau concluded that the proposed transaction would likely substantially lessen or prevent competition in the supply of retail fuels in three markets in Alberta and British Columbia. To resolve the Bureau's concerns, Shell has agreed to divest assets in each of the areas of concern to a buyer (or buyers) to be approved by the Commissioner of Competition.
As part of the agreement Shell will divest assets in the following markets:
- Brooks, Alberta;
- Fort St. John, British Columbia; and
- Mission, British Columbia.
The Commissioner is satisfied that this agreement addresses the competition issues likely to result from the proposed transaction.
The consent agreement will be available shortly on the Competition Tribunal's website.
