Hudsons 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 &lt;WTC> for 11 dlrs a share. Hudsons 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.
HUDSON'S BAY <HBC.TO> SELLS ROXY <CNR.TO> STAKE