The Federal Trade Commission (FTC) has approved a final consent order that addresses antitrust concerns related to Alimentation Couche-Tard Inc.’s (ACT) $1.57 billion purchase of 270 retail fuel outlets from Giant Eagle, Inc. ACT operates over 7,100 stores in the United States, mainly under the Circle K brand.
As part of the agreement, ACT must sell 35 gasoline and diesel fuel stations to Majors Management, LLC. This requirement aims to resolve FTC allegations that the acquisition could reduce competition and result in higher fuel prices for consumers in Indiana, Ohio, and Pennsylvania.
After a period for public comment, the Commission unanimously voted 2-0 to approve the order.
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