Agreement requires the selling of certain stores and behavioural restrictions
March 21, 2014 — OTTAWA, ON — Competition Bureau
The Competition Bureau announced today that it has reached a Consent Agreement with Loblaw Companies Limited (Loblaw) to remedy competition concerns related to its proposed acquisition of Shoppers Drug Mart Corporation (Shoppers). The Consent Agreement will require the sale of 18 retail stores, and 9 pharmacies within a Loblaw store to an independent operator. It also contains certain behavioural restrictions on Loblaw programs and agreements with suppliers.
Complete decision with list of stores to be divested: