Canada's Competition Bureau Agrees To BVD Petroleum's Acquisition Of Fueling Assets

Canada's Competition Bureau:

• COMPETITION BUREAU: REACHED AGREEMENT WITH BVD PETROLEUM TO RESOLVE CONCERNS OF ITS PROPOSED ACQUISITION OF FUELING ASSETS FROM CENOVUS ENERGY

• COMPETITION BUREAU: CONCLUDED THAT TRANSACTION WOULD LIKELY REDUCE COMPETITION BETWEEN PETRO-CANADA ESSO GAS STATION

• COMPETITION BUREAU: BVD AGREED TO SELL PETRO-CANADA GAS STATION PETRO-PASS CARDLOCK FACILITY TO BUYER TO BE APPROVED BY COMMISSIONER OF COMPETITION

• COMPETITION BUREAU: DETERMINED THAT WITHOUT REMEDY, DEAL WOULD REMOVE IMPORTANT LOCAL COMPETITION COULD LEAD TO HIGHER GAS PRICES IN AREA