(Montreal, September 28, 2009) – Metro Inc.
("Metro") and Les Supermarchés GP Inc. ("GP") announced today they
have completed the purchase by Metro of fifteen (15) GP
supermarkets. The completion of the transaction follows the
satisfaction of conditions specified in the agreement reached
between Metro and GP.
Metro Inc.
With annual sales of close to $11 billion and more than 65,000
employees, Metro Inc. is a leader in the food and pharmaceutical
sectors in Quebec and Ontario, where it operates a network of
almost 600 grocery stores under several banners, including Metro,
Metro Plus, A&P, Super C and Food Basics as well as over 250
pharmacies under the Brunet, Brunet Plus, Clini Plus, The Pharmacy
and Drug Basics banners.
Groupe GP Inc.
Groupe GP Inc. will henceforth focus its energy on the
real estate sector, where it has been active for the last 34 years.
The Groupe has over $130 million in assets such as shopping
centres, office buildings and warehouses. It also owns some
7,500,000 sq. ft. of land for future development in Quebec City and
Eastern Quebec.
. 30 .
Forward – looking information
This release contains various terms that could be considered as
forward-looking information. In general, any statement contained in
this release that does not constitute a historical fact may be
deemed a forward-looking statement. Expressions such as "expected"
and "conditions," as well as other similar expressions, generally
indicate forward-looking statements. These forward-looking
statements do not provide any guarantee regarding Metro's future
performance or the outcome of the transaction, and are subject to
potential risks, known and unknown, as well as uncertainties that
could cause the outcome to differ significantly. An economic
slowdown or recession, and the arrival of a new competitor are
examples of the risks described in the «Risk Management» section of
Metro's 2008 Annual Report which could have an impact on these
statements. Metro does not intend to update any forward-looking
statements that this release might contain, except if required by
law.
Sources:
Information :
Metro Inc.
Marie-Claude Bacon
Director, Corporate Affairs Metro Inc.
514 643-1086
mbacon@metro.ca
Les Supermarchés GP inc.
Jean Ferron
conseil Ferron
418-692-3001
418-564-2517
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