FTC Approves Alimentation Couche-Tard Inc.’s Application for Sale of Two Retail Fuel Stations in Alabama
The Federal Trade Commission has approved an application by Alimentation Couche-Tard Inc., or ACT, to divest two retail fuel stations in Alabama, as required under the FTC’s Jan. 5, 2018, order settling charges that ACT’s acquisition of competitor Jet-Pep, Inc. would violate federal antitrust law.
The application requests the FTC to approve the divestiture of the two retail fuel stations located in Brewton and Monroeville, Alabama to Marketplace Development LLC, or Marketplace. The application notes that Marketplace has extensive experience operating retail fuel stations.
The Commission vote to approve the application was 5-0. (FTC File No. 1710207; the staff contact is Elizabeth Piotrowski, Bureau of Competition, 202-326-2623.)
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Source: U.S. Federal Trade Commission, FTC.gov