The Competition Bureau has announced that it has entered into a consent agreement with Sobey’s which addresses the Bureau’s concerns arising from Sobeys’ proposed acquisition of substantially all of the assets of Canada Safeway. During the merger review process, the Bureau concluded that the proposed merger would likely lead to a substantial prevention or lessening of competition in retail supply of a full-line of grocery products in certain areas in Western Canada. As a result, the consent agreement calls for Sobey’s to divest 23 grocery stores businesses in the affected areas of Alberta, British Columbia, Manitoba, and Saskatchewan. The relevant product ... [more] Full article