OTTAWA - 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 ´ºÉ«Ö±²¥ 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 ´ºÉ«Ö±²¥ 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 ´ºÉ«Ö±²¥was first published Oct. 26, 2023.
