HUDSON'S BAY <HBC.TO> SELLS ROXY <CNR.TO> STAKE
Hudson's Bay Co said it agreed to sell
its entire 54.5 pct interest in Canadian Roxy Petroleum Ltd, a
total of about 7.5 mln shares, to Westcoast Transmission Co Ltd
<WTC> for 11 dlrs a share.
    Hudson's Bay said proceeds of about 82 mln dlrs will be
used to reduce corporate debt. It said the sale was part of a
program of concentrating on its core business of department
stores and real estate.
    The sale is subject to regulatory approvals.
 Reuter
