List of stores sold by Sobeys to Overwaitea Food Group and Federated Co-operatives Limited
February 13, 2014
On February 13, 2014, the Competition Bureau announced that it has approved the sale by Sobeys Inc. of 22 grocery stores to Overwaitea Food Group LP and Federated Co-operatives Limited. These stores are being sold pursuant to an October 2013 Consent Agreement that requires Sobeys to sell a total of 23 grocery stores to remedy the Bureau’s concerns relating to Sobeys’ proposed acquisition of substantially all of the assets of Canada Safeway. This Agreement was designed to ensure that Canadian consumers continue to benefit from competitive prices for a wide selection of grocery products.
The Bureau expects the remaining Sobeys grocery store (Price Chopper Stafford Square in Winnipeg) to be sold in accordance with the Consent Agreement.
The Bureau also reviewed the purchase of seven additional Sobeys stores by Overwaitea Food Group LP and issued a No Action Letter in respect of the purchase of these stores. These seven stores were not part of the October 2013 Consent Agreement.
The following stores have been acquired by Federated Co-operatives Limited pursuant to the October 2013 Consent Agreement:
The following stores have been acquired by Overwaitea pursuant to the October 2013 Consent Agreement:
The purchase of these additional stores by Overwaitea was approved by the Competition Bureau, outside of the October 2013 Consent Agreement:
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