Press release from CNW Group
Sobeys completes purchase of Shell retail gas locations in Québec and Atlantic Canada
Thursday, March 15, 2012
STELLARTON, NS, March 15, 2012 /CNW/ - Sobeys announced today that it has completed the purchase of 236 Shell retail gas locations and related convenience store operations in Québec and Atlantic Canada. The transaction was completed consistent with the terms announced on December 15, 2011. The closing of this transaction follows receipt of all necessary regulatory approvals.
"We are delighted that this transaction is now complete and we look forward to working with Shell and our dealer network to grow this business moving forward," said Bill McEwan, President & CEO, Sobeys Inc.
About Sobeys Inc.
Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys has been serving the food shopping needs of Canadians for 104 years. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises more than 1,300 stores in all 10 provinces under retail banners that include Sobeys, IGA, Foodland, FreshCo, and Thrifty Foods, as well as Lawton's Drug Stores. Sobeys and its franchise affiliates employ more than 95,000 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.
For further information:
Communications & Corporate Affairs
Chief Financial Officer
(902) 752-8371 ext. 2220
Senior Director, Public Affairs
Sobeys IGA Operations
(514) 324-1010 ext 2400