Loblaw has sold three more Shoppers Drug Mart locations in an effort to meet the Competition Bureau’s requirements to make its $12.4 billion takeover of the pharmacy corporation official. One of the pharmacies was sold to McKesson, while two now belong to Pharmx Rexall Drug Stores. The stores that were sold are located in Ontario, Alberta and British Columbia.
Loblaw had already sold nine pharmacies to Remedy’s Rx, seven to McKesson and three to Pharmasave Drugs, while selling off four grocery locations to Metro. Loblaw is required to sell one more Shoppers Drug Mart location in order to gain full approval for the acquisition from the Bureau.
