STELLARTON, NS, April 15, 2014 /CNW/ - Sobeys Inc. today announced that a binding purchase and sale agreement has been entered into with The North West Company for its Price Chopper location in Winnipeg, MB.
The sale is part of Sobeys' October, 2013 Consent Agreement with the Competition Bureau related to its purchase of Canada Safeway and is subject to approval by the Competition Bureau.
About Sobeys Inc.
Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys has been serving the food shopping needs of Canadians for 106 years. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises more than 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton's Drug Stores as well as more than 330 retail fuel locations. Sobeys and its franchise affiliates employ more than 124,000 people. The company's goal is to be widely recognized as the best food retailer and workplace environment in Canada. More information on Sobeys Inc. can be found at www.sobeyscorporate.com.
SOURCE: SOBEYS INC.
For further information: Media Contact: Andrew Walker, Senior Vice President, Communications & Corporate Affairs, Sobeys Inc., (905) 214-6711; Investor Contact: Stewart Mahoney, CFA, Senior Vice President, Treasury & Investor Relations, Sobeys Inc., (902) 752-8371 ext. 3499