{"id":6878,"date":"2018-04-23T17:58:53","date_gmt":"2018-04-23T21:58:53","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=d76f30e1812cd61b8553e86fdcdf5d7a"},"modified":"2018-04-23T17:58:53","modified_gmt":"2018-04-23T21:58:53","slug":"competition-bureau-approves-metros-purchase-of-jean-coutu-with-conditions","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/23\/competition-bureau-approves-metros-purchase-of-jean-coutu-with-conditions\/","title":{"rendered":"Competition Bureau approves Metro\u2019s purchase of Jean Coutu, with conditions"},"content":{"rendered":"<p>OTTAWA &#8212; The Competition Bureau of Canada has approved Metro Inc.&#8217;s purchase of the Jean Coutu Group provided it sells 10 pharmacies in eight Quebec communities.<\/p>\n<p>The federal agency says the communities would face reduced competition if the company doesn&#8217;t divest the assets in Amos, Berthierville, Baie St-Paul, Carleton-sur-Mer, Coaticook, Disraeli, La Baie and La Sarre.<\/p>\n<p>The 10 stores include nine operating under the Brunet banner and one Jean Coutu.<\/p>\n<p>It says Metro must make &#8220;commercially reasonable efforts to achieve the sales.&#8221;<\/p>\n<p>The two Quebec retailing giants announced in October the $4.5-billion transaction that was approved by Jean Coutu shareholders in November.<\/p>\n<p>The food and pharmacy industries have faced intensifying competition from other retailers including global giants Walmart, Costco and Amazon, which entered the grocery space with its purchase of Whole Foods.<\/p>\n<p>Companies in this story: (TSX:MRU, TSX:PJC.A)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA &mdash; The Competition Bureau of Canada has approved Metro Inc.&rsquo;s purchase of the Jean Coutu Group provided it sells 10 pharmacies in eight Quebec communities. The federal agency says the communities would face reduced competition if the company doesn&rsquo;t divest the assets in Amos, Berthierville, Baie St-Paul, Carleton-sur-Mer, Coaticook, Disraeli, La Baie and La [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6878"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=6878"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6878\/revisions"}],"predecessor-version":[{"id":6880,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6878\/revisions\/6880"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=6878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=6878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=6878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}