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.
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