Toronto, Ontario — Uni-Select announced Thursday its receipt of approval under the Investment Canada Act, moving the company one step closer to closing its acquisition deal with LKQ and its numbered company.
“The above-mentioned approval satisfies the closing condition regarding the Investment Canada Act set forth in the arrangement agreement between Uni-Select, LKQ Corporation and 9485-4692 Québec Inc,” reads Uni-Select’s press release.
“The arrangement remains subject to certain closing conditions, including the receipt of clearance from the U.K. Competition and Markets Authority.”
Uni-Select said it estimates that final closure of this deal with LKQ will be completed in the second half of 2023.
