Safeway store in Regina to be sold as part of acquisition deal with Sobeys

A Safeway store in Regina will be sold as part of grocery retailer Sobeys' purchase of the company.

The store, located on the corner of Albert Street and 25th Avenue, is among 23 stores that must be sold in Western Canada as part of the acquisition.

A second Saskatchewan Safeway location on Circle Drive and Eighth Street in Saskatoon also must be sold.

Sobeys, which is owned by Empire Co. Ltd., purchased 213 stores under the initial agreement, which included 199 in-store pharmacies and 62 gas stations on the Safeway properties. The retailer will still come away with a gain of 190 locations overall from the Safeway acquisition.

The sale agreement is expected to close in early November.

With files from The Canadian Press