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Sobeys Inc. has signed deals to sell 30 of its stores in Western Canada for approximately $430 million. Sobeys purchased Canada Safeway in June of 2013. The Competition Bureau required Sobeys to sell 23 of its stores prior to granting approval for its Safeway purchase.
Overwaitea Food Group has agreed to buy 15 Sobeys locations, while Federated Co-operatives Ltd. will buy 14 Sobeys stores. Sobeys will also sell its Price Chopper location in Winnipeg to a buyer which was not named in its press release.
According to Sobeys, Overwaitea and the Federated Co-operatives chain have received approval from the Competition Bureau and Sobeys 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, as well as approval from the Competition Bureau.
Overwaitea has agreed to purchase the following 15 store locations:
- Safeway: 2345 Beacon Avenue, Sidney, BC
- Safeway: 1950 Foul Bay Road, Victoria, BC
- Safeway: 3958 Shelbourne Street, Victoria, BC
- Safeway: 1143 – 56 Street, Tsawwassen, BC
- Safeway: 131 Signal Road, Fort McMurray, AB
- Sobeys: 1000 Railway Avenue, Canmore, AB
- Sobeys: 65 Bow Street, Cochrane, AB
- Thrifty Foods: 270 East Columbia Street, New Westminster, BC
- Safeway* 3756 – 10 Avenue, Port Alberni, BC
- Safeway* 610 – 6th Street, New Westminster, BC
- Safeway* 181 Trans-Canada Highway, Duncan, BC
- Safeway* 108 – 3170 Tillicum Road, Victoria, BC
- Safeway* 370 Trans-Canada Highway, Ladysmith, BC
- Thrifty Foods* 18888 North Parallel Road, Abbotsford, BC
- Thrifty Foods* 2000 Island Highway, Nanaimo, BC
* Additional stores not included in October Consent Agreement
Co-op has agreed to purchase the following 14 store locations:
- Safeway: 1441 Main Street, Winnipeg, MB
- Safeway: 77 Vermillion Road, Winnipeg, MB
- Safeway: 850 Dakota Street, Winnipeg, MB
- Safeway: 1120 Grant Avenue, Winnipeg, MB
- Safeway: 2331 – 66 Street NW, Edmonton, AB
- Safeway: 3801 Albert Street, Regina, SK
- Safeway: 3310 – 8 Street East, Saskatoon, SK
- Safeway: 4926 – 46 Avenue, Taber, AB
- Sobeys: 10004 – 99 Avenue, Fort Saskatchewan, AB
- Sobeys: 5421 – 50 Street, Leduc, AB
- Sobeys: 4703 – 50 Street, Wetaskiwin, AB
- Sobeys: 18370 Lessard Road, Edmonton, AB
- Sobeys: 5036 – 106 Avenue NW, Edmonton, AB
- IGA: 6204 – 90 Avenue NW, Edmonton, AB
RELATED:
- $5.8 billion deal: Canada Safeway bought by Sobeys
- Sobeys opening small-format grocery stores
- Jamie Oliver to be spokesperson for Sobeys
- Canadian grocery wars: major players battle for our dollar
Source: Press release
[Sobeys website]
