Dollar Tree Inc. plans to sell 330 stores to private-equity firm Sycamore Partners, addressing regulatory concerns related to its planned merger with Family Dollar Stores.

The stores account for about $45.5 million of its operating income, Dollar Tree said Friday.

Under the deal, which is contingent on the completion of the merger, Sycamore Partners would operate the stores under its Dollar Express banner.

Write to Maria Armental at maria.armental@wsj.com

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