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Canadian Press NewsAlert: Empire sells 68 Safeway properties for $990M

The Canadian Press

STELLARTON, N.S. - Empire Company Ltd. (TSX:EMP.A) says it is selling 68 Safeway properties to Crombie REIT (TSX:CRR.UN) for $990 million in cash.

All the properties are located in Western Canada. Empire signed an agreement to buy Canada Safeway Ltd. in a $5.8-billion deal in early June.

More coming.