Four city supermarkets are among 23 Sobeys must sell to seal Safeway deal
Bill Mah
Edmonton Journal, The Canadian Press
Wednesday, October 23, 2013
Grocery retailer Sobeys has agreed to sell 23 stores in Western Canada so that its acquisition of Safeway can go ahead, the Competition Bureau announced Tuesday.
The chain must unload the stores because the federal regulator found Sobeys' proposed $5.8-billion purchase of Safeway Canada "would likely result in a substantial lessening or prevention of competition in the retail supply of a full-line of grocery products in certain areas in Western Canada," the bureau said in a release...
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