Shell Canada accepts modifications to its proposed acquisition of Sobey’s fuel stations: CBC

Shell Canada has entered into Consent Agreement with the Competition Bureau Canada (CBC) in relation to Shell’s proposed acquisition of Sobeys’ 56 existing fuel stations in Alberta and British Columbia State(s) of western Canada. Shell is a global group of energy and petrochemical companies; on the other hand, Sobeys is a food retailer that also operates a retail fuel business. As per the CBC, the proposed acquisition would likely to substantially lessen or prevent competition in the supply of retail fuels in three cities i.e., Brooks, Fort St. John and Mission in Alberta and British Columbia. Thus, CBC as remedial measure directed modifications in the nature of divestiture of Shell’s assets located in these three cities.