Sobeys to sell 30 stores in Western Canada
(Reuters) - Canadian grocery chain Sobeys Inc, a unit of Empire Co Ltd <EMPa.TO>, said it would sell 30 stores — all but one to Overwaitea Food Group — for about C$430 million ($391.4 million).
The sale of the stores, all in western Canada, follow Sobeys' agreement with Canadian antitrust regulators related to its purchase of the Canadian assets of U.S. grocery group Safeway Inc <SWY.N> for $5.7 billion last year.
Sobeys said it would sell one store to Federated Co-operatives Ltd.
The sales have been approved by the Canadian Competition Bureau. (http://r.reuters.com/wag86v)
($1 = 1.10 Canadian dollars)
(Reporting by Anannya Pramanick in Bangalore; Editing by Sriraj Kalluvila)