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MERGER: Competition Bureau okays Suncor, Petro-Canada union

CALGARY — The federal Competition Bureau ahs approved the proposed merger of Suncor Energy and Petro-Can...



CALGARY — The federal Competition Bureau ahs approved the proposed merger of Suncor Energy and Petro-Canada. The approval is reflected in a consent agreement under the terms of which the companies have agreed to take steps to maintain retail and wholesale competition in Ontario, including divesting 104 retail locations, and entering into certain supply and throughput arrangements in Ontario for a period of 10 years.

 

With all the conditions necessary to complete the merger satisfied, Suncor and Petro-Canada intend to make the merger effective Aug. 1, 2009.

 

For further information on the Suncor and Petro-Canada merger go to www.SuncorPetro-Canada.com.


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