Co-op Atlantic board recommends sale to Sobeys

Co-op Atlantic will sell its retail, gas and wholesaling assets to Sobeys under a proposed deal supported by the cooperative’s board of directors.

Co-op Atlantic is a member-owned cooperative of around 170 independent grocery stores based in Moncton, New Brunswick, with stores doing business under the Co-op, Valufoods, Village Mart and Rite Stop banners. Its board said it has recommended its member owners approve the takeover

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