Antitrust Law Daily Wrap Up, ANTITRUST NEWS: Canada Competition Bureau approves sale of Agrium assets to CHS, (Mar 17, 2014)
Organizations Mentioned:Agrium Inc. | Agrium, Inc. | CHS Inc. | CHS, Inc. | Viterra, Inc.
The Canada Competition Bureau announced today that it has approved the sale by Agrium Inc. of seven agri-product retail outlets and nine anhydrous ammonia businesses to CHS Inc. The sale is being made under the September 2013 consent agreement between Agrium and the Competition Bureau relating to Agrium’s purchase of the majority of Viterra Inc.’s retail agri-products business from Glencore International plc. The sale to CHS will preserve competition for the retail supply of nitrogen fertilizers to farmers in Alberta and Saskatchewan.
Under the terms of the Consent Agreement, Agrium will sell to CHS the following retail outlets: CPS Bow Island, AB; CPS Eaglesham, AB; CPS Lacombe, AB; Viterra Alix, AB; Viterra Alliance, AB; Viterra Edenwold, SK; and Viterra Vauxhall, AB.
Agrium will also sell to CHS the anhydrous ammonia businesses associated with the following locations: CPS Canora, SK; CPS Kinistino, SK; CPS North Battleford, SK; CPS Prince Albert, SK; CPS Yorkton, SK; Viterra Camrose, AB; Viterra Craddock, AB; Viterra Cudworth, SK; and Viterra Medicine Hat, AB.
In addition to these divestitures, Agrium will sell to CHS its anhydrous ammonia bullet tank in Medicine Hat, Alberta, which is used to store fertilizer and the Viterra retail outlet in Craddock, Alberta. The sale is expected to close on April 1, 2014.
Companies: Agrium Inc.; CHS Inc.
News: Antitrust