Agreement reached in sale of retail gas stations in Quebec and Ontario

News Release

September 7, 2016 — OTTAWA, ON — Competition Bureau

The Competition Bureau and Couche‑Tard have reached an agreement related to the acquisition by Couche‑Tard of retail gasoline sites from Imperial Oil.

The agreement resolves the Commissioner of Competition’s concerns that the proposed transaction would likely result in a substantial lessening or prevention of competition in the retail sale of gasoline in certain markets in Ontario and the Greater Montréal Area.

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.

Quick Facts

  • On March 8, 2016, Imperial Oil announced its intention to sell its 497 Esso retail stations to five fuel distributors, one of them being Couche‑Tard.
  • Couche‑Tard is proposing to acquire 51 retail gasoline sites in the Greater Montréal Area and 242 in Ontario for an approximate C$1.7 billion.
  • Imperial Oil is an integrated oil company based in Alberta with upstream, downstream and chemical operations related to crude oil, natural gas and refined products.
  • Couche‑Tard is headquartered in Quebec and operates convenience stores and fuel retailing chains in North America and Europe under several banners, including Circle K, Couche‑Tard, Mac’s, Kangaroo Express, Statoil, Ingo, Topaz and Re.Store.

Related Information

Associated Link

Contacts


For media enquiries, please contact:
Media Relations
Telephone: 819‑994‑5945
Email: ic.media‑cb‑bc.ic@canada.ca

For general enquiries, please contact:
Information Centre
Competition Bureau
Telephone: 819‑997‑4282
Toll free: 1‑800‑348‑5358
TTY (hearing impaired): 1‑800‑642‑3844
www.competitionbureau.gc.ca
Enquiries/Complaints
Stay connected

The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.


Search for related information by keyword
Report a problem or mistake on this page
Please select all that apply:

Thank you for your help!

You will not receive a reply. For enquiries, contact us.

Date modified: