Acquisition of Canexus by Chemtrade will not be challenged
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.
There is an efficiency exception in the Competition Act that involves an assessment of the trade-off between anti-competitive effects and efficiencies. In particular, where the efficiencies outweigh the anti-competitive effects, the Act provides that the merger cannot be blocked.
In the case at hand, it was determined that the efficiencies that would likely be lost from blocking the merger or imposing remedies would significantly outweigh the likely anti-competitive effects of the merger.
As part of its normal approach in examining a merger, the Bureau consulted with a wide range of industry participants, such as suppliers, competitors, and customers.
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