Antitrust Law Daily Wrap Up, ANTITRUST NEWS: Canada Competition Bureau reaches consent agreement in Agrium’s acquisition of Viterra’s agriproducts business, (Sep 6, 2013)

The Canada Competition Bureau announced on September 5 that it had reached a consent agreement regarding Agrium Inc.’s proposed acquisition of the majority of Viterra Inc.’s retail agriproducts business from Glencore International plc.

The Bureau’s review of the proposed transaction had raised concerns that the acquisition could lead to a reduction in competition in the retail supply of anhydrous ammonia and urea to farmers in certain areas of Alberta and Saskatchewan.

Under the terms of the Consent Agreement, Agrium will divest seven retail stores and nine anhydrous ammonia businesses, and will also supply anhydrous ammonia to any purchaser of the divested assets for up to four years at prices not to exceed those charged to its retail outlets in Alberta and Saskatchewan.

News: Antitrust