Competition Bureau approves sale of Loblaw, Shoppers stores

Date:

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.

Read full article here.

Canadian Press – July 21, 2014.

Want More Investigative Content?

Curate RegWatch
Curate RegWatchhttps://regulatorwatch.com
In addition to our original coverage, RegWatch curates top stories on issues and impacts arising from the regulation of economic, social and environmental activity in Canada and the U.S.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MORE VAPING

Real Threat | Health Minister Unravels Canada’s Tobacco Strategy | RegWatch

Canadian Federal Health Minister Mark Holland is launching a crusade against safer nicotine products, driven by the uncompromising stance of non-profit health groups vehemently...