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US Retailer Safeway In Sale Talks

US grocer Safeway has revealed that it is engaged in talks over a possible sale of the company. Since the discussions are ongoing and no agreements have been reached so far, interested parties have not been named. However, reports suggest a number of private equity houses might have shown an interest. The retailer has reported like-for-like revenues up 1.6% over the previous year for the final quarter of 2013.
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