Sobeys completes purchase of Canada Safeway

The acquisition will provide a new and exciting platform for growth, says company

Sobeys Inc. has completed the purchase of Canada Safeway.

Last month, the grocery chain, a wholly-owned subsidiary of Empire Co. Ltd., said it would put 23 stores up for sale in exchange for regulatory approval for its $5.8-billion purchase of grocer Safeway Canada.

READ: Sobeys to sell 23 stores in Safeway deal, says Competition Bureau

The retailer said it will come away with a gain of 190 supermarket locations overall from the Safeway acquisition.

View the list of the stores that Sobeys has agreed to sell, according to the Competition Bureau here.

"This is a great day in the 106-year history of Sobeys," said Paul D. Sobey, president and CEO of Empire.  "The addition of Canada Safeway represents a unique and highly strategic opportunity to leverage Sobeys' modern asset base and provides us with a new and exciting platform for growth as we move forward."

READ: Poulin takes over at Empire

Marc Poulin, president and CEO of Sobeys Inc. added: "We welcome the 29,000 Safeway employees to the Sobeys team as we move forward together as one company, excited to serve the food shopping needs of consumers in Western Canada."

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