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Competition Bureau and Parkland reach mediated resolution that will see gas stations and assets

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The Competition Bureau and Parkland Fuel Corporation (Parkland) have reached a consent agreement to resolve litigation related to Parkland’s acquisition of Pioneer Energy. The agreement will ensure that consumers in certain Ontario and Manitoba markets benefit from competition at the pumps.

Parkland has agreed to sell gas stations or exclusive gasoline supply agreements in six markets in Ontario and Manitoba, and surrender its ability to increase any margin that it earns on the sale of gasoline in two markets in Manitoba where it is a wholesale supplier.

Read full article here.

CNW Telbec – March 29, 2016.

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