Skip to main content

The Globe and Mail

Grocery chain Sobeys to sell 30 stores in Western Canada

The grocery store chain was required to sell 23 stores as part of an agreement with the Competition Bureau in connection with its purchase of Canada Safeway last year.

Fred Lum/The Globe and Mail

Sobeys Inc. has signed deals to sell 30 stores in Western Canada for a total of roughly $430-million.

The grocery store chain was required to sell 23 stores as part of an agreement with the Competition Bureau in connection with its purchase of Canada Safeway last year.

Sobeys says Overwaitea Food Group has agreed to buy 15 locations, while Federated Co-operatives Ltd. has agreed to buy 14 stores.

Story continues below advertisement

The company has also signed a deal to sell its Price Chopper location in Winnipeg to another, unidentified buyer.

Sobeys said Overwaitea and the Co-op chain have received approval from the Competition Bureau and that it anticipates the deals will close in March or early April.

The sale of the Winnipeg Price Chopper store is subject to finalization of an agreement and approval from the Competition Bureau.

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨