Competition Bureau and Global Fuels agree to address Greenergy deal concerns

A Global Fuels Inc. logo is shown in a handout.The Competition Bureau says it has reached a deal with Global Fuels Inc. to address concerns over the company’s deal to buy Greenergy’s Canadian retail fuel business.THE CANADIAN PRESS/HO

The Competition Bureau says it has reached a deal with Global Fuels Inc. to address concerns over the company’s deal to buy Greenergy’s Canadian retail fuel business.

Under the agreement, the bureau says Global Fuels has agreed to assign motor fuel supply agreements in Picton and Chatham, Ont., to a buyer or buyers to be approved by the federal regulator.

Global Fuels operates one of the largest chains of gas stations in the country, with a national network of Esso, Mobil, and Esso Cardlock branded fuel locations.

The company announced a deal in July to buy U.K.-based Greenergy’s Canadian retail fuel business.

The acquired network includes 241 retail gas and convenience locations extending from Nova Scotia to B.C.

The sites are predominantly Mobil-branded and located adjacent to Loblaw grocery stores in larger communities across the country.

This report by The Canadian Press was first published Oct. 26, 2023.

The Canadian Press

News from © The Canadian Press, 2023. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

• 0084 EMP Metals Pipeline Online
  0084 EMP Metals Pipeline Online
• 0053 Kingston Midstream Westspur Alameda Click
  0053 Kingston Midstream Westspur Alameda Click
• 0082 CsHM 2024 Pipeline
  0082 CsHM 2024 Pipeline
• 0077 Caprice Resources Stand Up For Free Speech
  0077 Caprice Resources Stand Up For Free Speech
• 0076 Latus only
  0076 Latus only
• 0061 SIMSA 2024 For Sask Buy Sask
  0061 SIMSA 2024 For Sask Buy Sask
• 0055 Smart Power Be Smart with your Power office
  0055 Smart Power Be Smart with your Power office
• 0051 JML Hiring Pumpjack assembly
  0051 JML Hiring Pumpjack assembly
• 0049 Scotsburn Dental soft guitar
  0049 Scotsburn Dental soft guitar
• 0046 City of Estevan This is Estevan
  0046 City of Estevan This is Estevan
• 0041 DEEP Since 2018 now we are going to build
  0041 DEEP Since 2018 now we are going to build
• 0032 IWS Summer hiring rock trailer music
• 0022 Grimes winter hiring
• 0021 OSY Rentals S8 Promo
• 0018 IWS Hiring Royal Summer
• 0013 Panther Drilling PO ad 03 top drive rigs
• 0011
• 0006 JK Junior
• 0002 gilliss casing services
  0002 gilliss casing services
• 9002 Pipeline Online 30 sec EBEX
  9002 Pipeline Online 30 sec EBEX
• 9001