Did Sobeys Buy Safeway?
The Sobeys Grocery Store Chain Has Reached a Deal to Buy More Than 200 Safeway Stores in Western Canada for $5.8 Billion, Sobeys' Parent Company, Empire...
The Sobeys grocery store chain has reached a deal to buy more than 200 Safeway stores in Western Canada for $5.8 billion, Sobeys' parent company, Empire Company Limited, announced Wednesday.
Did Sobeys buy out Safeway?
Acquisition by Sobeys
On June 12, 2013, Sobeys announced it would acquire Safeway's operations in Canada for CDN$5.8 billion, subject to regulatory approval. As a condition of the deal imposed by the Competition Bureau in October 2013, Sobeys was required to sell 23 of its retail locations to other companies.
What company owns Safeway?
Today, Safeway operates as a banner of Albertsons Companies, one of the largest food and drug retailers in the United States. With both a strong local presence and national scale, the company operates stores across 35 states and the District of Columbia under 20 well-known banners.
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