The Federal Trade Commission has approved an application by Alimentation Couche-Tard Inc., or ACT, to divest the last of the three Alabama retail fuel stations that ACT is required to divest under the FTC’s Jan. 5, 2018, order. The order settles charges that ACT’s acquisition of competitor Jet-Pep, Inc. would violate federal antitrust law.
ACT will sell the fuel station, which is located in Valley, Alabama, to PPBB, LLC. PPBB is an acceptable buyer. PPBB is a new entrant and PPBB’s owner has substantial business experience in operating a retail fuel station.
On June 8, 2018, the FTC approved the divestiture of two retail fuel stations, in Brewton and Monroeville, Alabama to Marketplace Development LLC.
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.)
The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about how competition benefits consumers or file an antitrust complaint. Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.
As Prepared for DeliveryI. IntroductionThank you to everyone for being here. It’s good to be…
Federal bank regulatory agencies today released a guide to support community banks in managing risks…
WASHINGTON – From May 6th to May 9th, Under Secretary of the Treasury for Terrorism…
As Prepared for DeliveryI. IntroductionGood afternoon. Thank you to the McCain Institute for the invitation…
WASHINGTON – Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) released…
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…