Competition Bureau preserves competition in supply of retail gasoline in Kemptville, Ontario
November 26, 2021 – GATINEAU, QC – Competition Bureau
The Competition Bureau has approved Centex Petroleum as the purchaser of the Quickie gas station in Kemptville, Ontario. The Bureau, MacEwen Petroleum Inc. and Grant Castle Corp had entered into a agreement that required MacEwen to sell the retail gas station that was owned and operated by Quickie Convenience Stores Corp. in Kemptville, Ontario as part of their acquisition of 51 Quickie convenience stores.
In October 2021, the Bureau concluded that the proposed transaction would likely substantially lessen competition in the supply of gasoline to retail customers in Kemptville. Selling the gas station in Kemptville eliminates any increase in concentration resulting from the proposed transaction.
The Bureau has issued a position statement describing its analysis of the proposed transaction as well as a summary of its findings.
Centex Petroleum is an independent retail gas site operator headquartered in Calgary, Alberta with over 100 sites in Canada. Centex is a new entrant to the Kemptville market.
For more information about the proposed transaction between MacEwen Petroleum and Quickie, consult the consent agreement registered with the Competition Tribunal.
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