|By Marketwired .||
|February 6, 2013 10:43 AM EST||
OTTAWA, ONTARIO -- (Marketwire) -- 02/06/13 -- The Competition Bureau announced today that it has reached an agreement with WM Quebec Inc. (WMQ), the Quebec operating subsidiary of Waste Management, Inc., that preserves competition for solid non-hazardous waste disposal in Western Quebec.
Following an extensive review, the Bureau determined that the proposed acquisition of the assets of RCI Environnement Inc. (RCI) by WMQ would result in a substantial lessening or prevention of competition for waste disposal services in the following areas in Western Quebec: Argenteuil, Gatineau, La Riviere-du-Nord, La Vallee-de-la-Gatineau, Les Collines-de-l'Outaouais, Les Laurentides, Les Pays-d'en-Haut, Papineau, and Pontiac. The Consent Agreement announced today resolves the Bureau's competition concerns.
"I am satisfied that WMQ has agreed to the necessary steps to address the competition concerns identified by the Bureau," said John Pecman, Interim Commissioner of Competition. "A monopoly in waste disposal services would have resulted in higher prices for customers, including municipalities and businesses, while also restricting the ability of rival waste collection companies to compete in these markets."
Under the Consent Agreement registered with the Competition Tribunal today, WMQ is required to sell the right to dispose of up to 1.875 million tonnes of waste over 20 years at the landfill in Lachute, Que bec. The sale will preserve competition in the areas above by ensuring that the buyer will have access to sufficient landfill capacity to effectively compete for business in those areas. The Bureau will appoint an independent monitor to ensure that WMQ complies with the terms of the Consent Agreement.
WMQ and RCI also provide solid non-hazardous waste collection, transferring, and disposal services, as well as sorting of recyclable material, in other parts of Quebec. The Competition Bureau determined that the proposed acquisition of RCI by WMQ would not result in a substantial lessening or prevention of competition in these other areas due to the presence of effective competitive alternatives, among other factors.
A copy of the Consent Agreement will be available shortly on the Competition Tribunal website, at www.ct-tc.gc.ca.
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
- "All It Took Was One E-Mail to Larry," Says Former eBay Research Director As He Moves to Google
- Google Ramps Up Its Mobile Reach: Launches "Mobile Web Search"
- VoIP Update: Yahoo! Buys DialPad
- Ericsson + Napster = World's First "Wireless Digital Music" Brand
- Free Guest Passes for the SOA World Conference & Expo in NYC
- SYS-CON i-Technology Podcast August 30, 2005
- A Flair for Food - Health-Conscious Cooking Is This Chef's Cup Of Tea
- Sony PSP May Feature Porn
- Kapow Helps Seiko UK, Provides SMS Text-Alert Services
- South Korea is World's Largest Phisher
- Will the Mac OS Now Be Offered by Dell?
- UK Targeted for Trojan Attacks
- MAX 2006: Tracks Announced
- BT's "Fixed-Mobile" Phone Gives Callers the Best of Both Worlds
- MetaSolv to Host Provisioning Symposium in London