Sobeys Inc. said it has signed deals worth about $430 million to sell 30 grocery stores in western Canada to satisfy regulatory conditions attached to its purchase last year of Canada Safeway.


Sobeys Inc., Canada, Canada Safeway, Overwaitea Food Group, British Columbia, Alberta, Sobeys, Federated Co-operatives Ltd., Manitoba, Saskatchewan, Price Chopper, Winnipeg, Manitoba, Empire Co., Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, Overwaitea, Federated, Competition Bureau
















































































































































































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Divestiture of 30 units set by Sobeys

February 24th, 2014

STELLARTON, Nova Scotia – Sobeys Inc. said it has signed deals worth about $430 million to sell 30 grocery stores in western Canada to satisfy regulatory conditions attached to its purchase last year of Canada Safeway.

Overwaitea Food Group will buy 15 grocery stores in British Columbia and Alberta, Sobeys said, and Federated Co-operatives Ltd. has agreed to buy 14 stores in Alberta, Manitoba and Saskatchewan. Sobeys is also selling its Price Chopper store in Winnipeg, Manitoba, to an undisclosed buyer.

Sobeys, a wholly owned subsidiary of Canadian conglomerate Empire Co., owns or franchises more than 1,500 retail outlets in all 10 Canadian provinces under the banners of Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods and Lawton’s Drug Stores. It also has 330 retail fuel outlets.

The Overwaitea and Federated agreements have been approved by Canada’s Competition Bureau.

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