Loblaw REIT Spurs Debate on Safeway Canada

TORONTO — Recent changes at Loblaw Cos. here have spurred fresh industry speculation about its potential interest in acquiring Safeway’s Canadian assets. Given the financial flexibility Loblaw is likely to gain from the formation of a real estate investment trust it announced last month, it would be a logical bidder for those assets, industry analysts told SN. However, they questioned whether Safeway will be interested in exiting Canada in the immediate future. Safeway ...

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