March 17, 2014 — OTTAWA, ON — Competition Bureau
The 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. This sale is being made under the September 2013 Consent Agreement between Agrium and the 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
- 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
- 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.
- Mergers in Canada are subject to review by the Bureau under the Competition Act to ensure that they will not result in a substantial lessening and/or prevention of competition.
- The merger review process involves collecting information from, and conducting interviews with, a wide range of industry participants, including the parties, suppliers, competitors, customers and industry experts.
- CHS is a global agribusiness and the largest US cooperative owned by farmers, ranchers and local cooperatives. It serves nearly 600,000 producers through agri-operations in the US and Canada, in addition to energy, grains and foods customers in 65 countries.
- Position Statement: Competition Bureau Statement Regarding Sale of Agri-Products Business to Agrium
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