Report: Safeway to bid out real estate arm

|About: Safeway Inc. (SWY)|By:, SA News Editor

Safeway (SWY) has reportedly put its real estate division up for sale.

Bids as high as $1B are expected to come in by the end of the month.

The move has been anticipated with plenty of financial engineering going on behind the scenes at Safeway with Cerberus in the mix.