A US bankruptcy court has approved plans by regional grocer Penn Traffic to sell nine of its Big Bear stores in Ohio.
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Pittsburgh-based Giant Eagle is to buy seven of the stores for US$46.8m, while Needler Enterprises and Bob Bay and Son will buy one store each.
Before the sale, Penn Traffic operated 211 supermarkets under the P&C, Big Bear, Quality and Bi-Lo banners.
The Syracuse-based company, which filed for bankruptcy in May, has until 29 January to file a reorganisation plan with the bankruptcy court, reported the Associated Press.
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