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Superior Plus agrees to sell propane distribution hubs to settle Canada competition concerns over Certarus deal

( May 31, 2023, 13:39 GMT | Official Statement) -- MLex Summary: Superior Plus agreed to sell eight propane distribution hubs in Northern Ontario, including customer contracts and associated operating assets at each hub, to resolve competition concerns regarding its purchase of Certarus brought by Canada’s Competition Bureau. The bureau concluded that the proposed transaction would likely result in a substantial lessening of competition for the retail supply of portable heating fuels — propane and natural gas — for industrial customers in Northern Ontario.Statement follows in full. Also see document below. ...

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