Metro Buys Quebec Independent

Metro said last week it has reached an agreement with Groupe GP to acquire Les Supermarches GP, St.-Anne-de-Monts, Quebec, for an undisclosed amount of cash. The deal includes 15 supermarkets in eastern Quebec, including Quebec City, with annual sales of $272 million (U.S.). It is expected to close later this month. It will be Metro's first acquisition since it bought 236 A&P stores

MONTREAL — Metro here said last week it has reached an agreement with Groupe GP to acquire Les Supermarches GP, St.-Anne-de-Monts, Quebec, for an undisclosed amount of cash.

The deal includes 15 supermarkets in eastern Quebec, including Quebec City, with annual sales of $272 million (U.S.). It is expected to close later this month.

It will be Metro's first acquisition since it bought 236 A&P stores in 2005.

While Metro is looking for growth opportunities for

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