<page_title> Safeway Inc. </page_title> <section_title> 1980s: Takeover and sell-offs </section_title> <table> <cell> 1988 <col_header> Year </col_header> </cell> <cell> Southern California <col_header> Division sold </col_header> </cell> <cell> 172 stores <col_header> # of stores </col_header> </cell> <cell> Vons <col_header> Buyer </col_header> </cell> <cell> The $408m that Safeway acquired in the deal consisted of $325m in cash and 30 percent interest in Vons; Safeway later acquired 100 percent ownership in 1997 <col_header> Outcome </col_header> </cell> </table>
In 1988, Safeway sold its stores in Southern California to Vons for a 30 percent interest.