Sobeys Inc. to sell 30 stores

Sobeys Inc., Stellarton, Nova Scotia, announced that it will sell 22 of the 23 stores it is required to divest, as part of its October 2013 Consent Agreement with the Competition Bureau related to its purchase of Canada Safeway, to Overwaitea Food Group and Federated Co-operatives Limited. Federated Co-operatives Limited will acquire 14 stores, and Overwaitea Food Group will acquire 15 stores. Through the negotiation of these transactions, Sobeys said it also agreed with Overwaitea to include seven additional stores in British Colombia as part of the sale. Additionally, Sobeys will sell a Price Chopper store in Winnipeg to another unnamed retailer. Deals are expected to close in March or early April.