Safeway cashes cut of Canada | June 28, 2013 | Pleasanton Weekly | |

Pleasanton Weekly

- June 28, 2013

Safeway cashes cut of Canada

Pleasanton-based company gaining $5.8 billion (Canadian) in selling stores to Sobeys

by Jon Springer

In a move seen as a bold strike for both parties, Pleasanton-based Safeway Corp. has agreed to sell its lucrative Canadian business to Sobeys operator Empire Cos. for $5.8 billion in Canadian cash.

This story contains 441 words.

If you are a paid subscriber, check to make sure you have logged in. Otherwise our system cannot recognize you as having full free access to our site.

If you are a paid print subscriber and haven't yet set up an online account, click here to get your online account activated.

--Jon Springer writes for Supermarket News. This article appeared June 17.


There are no comments yet for this post