Le Lézard
Classified in: Oil industry
Subject: EXE

Competition Bureau continuing to review Pembina and Veresen merger

OTTAWA, Oct. 2, 2017 /CNW/ - The Competition Bureau continues to actively review competition concerns related to Pembina Pipeline Corporation's acquisition of Veresen Inc. despite the parties' announcement that the transaction closed today. The Bureau's review is focused on the parties' ethane transportation assets in Canada.

The Competition Act allows for a one-year period following the completion of a transaction during which the Commissioner may bring an application to the Competition Tribunal challenging the transaction.

Mergers in Canada are subject to review by the Competition Bureau to ensure they do not result in a substantial lessening or prevention of competition. If the Bureau determines that a merger is likely to substantially affect competition, it may apply to the Competition Tribunal for an order to, among other things, sell certain assets to remedy the harm to competition.

Should the Bureau conclude that the merger is likely to result in a substantial lessening or prevention of competition, the Bureau will take action where appropriate.

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The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.


SOURCE Competition Bureau

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