Thursday, October 24, 2013

Sobey's Won't Sell Safeway Stores in NWO

Northwestern Ontario Safeway Stores are not going to be sold as part of Sobey's takeover of Canada Safeway.  

Sobey's spokesperson Andrew Walker says a government regulator approved the takeover, but ordered Sobey's to sell 23 stores across the country but not in Kenora, Dryden, Thunder Bay or Fort Frances.

Five Winnipeg Safeway stores will be on the auction block.

The 5.8 billion dollar deal is expected to be finalized in early November.