Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Competition Bureau approves sale of Loblaw, Shoppers stores to improve competition

OTTAWA - The Competition Bureau has approved the sale by Loblaw (TSX:L) of four retail outlets as part of its conditions for giving its blessing to the $12.4-billion acquisition of Shoppers Drug Mart.

The government agency says Loblaw No Frills stores in Elmira and Blenheim, Ont., will be sold to the Metro Inc. (TSX:MRU) grocery chain; and Shoppers outlets in Dalhousie and St. Stephen, N.B., will be sold to the Jean Coutu Group (TSX:PJC.A).

As well, nine pharmacies within Loblaw stores located in various town in Ontario and Newfoundland will be licensed to Remedy's Rx.

The Competition Bureau approved the merger of Canada's largest grocer with the country's largest drug chain in March, but with conditions after expressing concerns about the level of remaining competition in 27 markets.

The bureau says the divesting process is ongoing and that Loblaw is still required to sell stores in the remaining 14 markets.

As part of the agreement, Loblaw must sell the remaining outlets to a new owner who will continue to operate the stores. Loblaw is not permitted to simply close the stores.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Election 2014
Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates