Montreal, December 19, 2017 – Following search operations initiated on October 31 by the Competition Bureau of Canada, METRO continues to fully cooperate with the authorities and has launched its own internal investigation.
Based on the information processed to date, we have found no evidence that METRO has violated the Competition Act and we do not believe that the Bureau’s investigation will have a material adverse effect on the Corporation’s business, results of operations or financial condition.
Legal compliance is fundamental to METRO and the Corporation has a Code of conduct in place applicable to all employees.
The Corporation will not issue any further comments.
We have used, throughout this press release, different statements that could, under the regulations issued by the Canadian Securities Administrators, be construed as being forward-looking information. In general, any statement contained herein which does not constitute a historical fact, may be deemed a forward-looking statement. The use of future and conditional tenses and of certain words, such as the word “believe”, are generally indicative of forward-looking statements. The Corporation can give no assurance that such forward-looking statements will prove to be correct as these statements are subject to potential risks, known and unknown, as well as uncertainties that could cause the outcome to differ significantly. An economic slowdown or recession, or the arrival of a new competitor, are examples of risks described under the “Risk Management” section of the 2017 Annual Report which could have an impact on these statements. We believe these statements to be reasonable and relevant as at the date of publication of this press release and represent our expectations. The Corporation does not intend to update any forward-looking statement contained herein, except as required by applicable law.
Source and information:
Senior Director, Corporate Affairs Department