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ARTICLE · 06 NOVEMBER 2013

Commissioner Requires Remedies In Minority Interest Transaction

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On November 1, 2004, the Competition Bureau reached a Consent Agreement from La Coop fédérée and Groupe BMR in connection with LCF's acquisition of a minority interest in BMR.

CanadaAntitrust/Competition Law

On November 1, 2004, the Competition Bureau (the "Bureau") reached a Consent Agreement (the "Agreement") from La Coop fédérée ("LCF") and Groupe BMR ("BMR") in connection with LCF's acquisition of a minority interest in BMR. The Agreement requires that (i) certain franchisees in four local markets in the province of Quebec find new banner under which to operate; and (ii) that LCF and BMR continue supplying the stores on competitive terms until either a new franchisor is found or the end of 2014.

Based on its review of the transaction, the Bureau concluded that the merger would likely result in a substantial lessening or prevention of competition in the retail sale of hardware products and building materials in four cities in the province of Quebec.

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