Metro to Acquire 15-Store Chain in Quebec

Metro said Monday it has reached an agreement with Groupe GP to acquire Les Supermarches GP for an undisclosed sum. The deal, which is expected to close late this month, includes eight stores operating under the Metro or Metro Plus banner and seven under the GP banner, all located in Quebec City and eastern Quebec.

MONTREAL — Metro here said Monday it has reached an agreement with Groupe GP to acquire Les Supermarches GP for an undisclosed sum.

The deal, which is expected to close late this month, includes eight stores operating under the Metro or Metro Plus banner and seven under the GP banner, all located in Quebec City and eastern Quebec. Eric R. La Fleche, president and chief executive officer of Metro, said the transaction will strengthen the company's presence in eastern Quebec.

Register to view the full article

test - Advanced Registered User

Already a member? .