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Food & Drink

The LCBO may be for sale

By Caroline Youdan
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$11,000,000,000
$11,000,000,000

—The amount of money offered by a consortium of investors (led by the Ontario Public Service Employees Union and including Toronto-based private-equity investment firm Onex Corporation) to purchase a majority stake in the LCBO, as reported by CTV News. The multi-billion-dollar bid, if accepted, would give the investor group a 75 per cent stake in the liquor-store monopoly, but it wouldn’t change much else—the Ontario government would continue to control and regulate the sale of booze.

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