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A Loblaws store in Ottawa.
A Loblaws store in Ottawa.
(CHRIS WATTIE/REUTERS)

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CIBC to lead Loblaw REIT IPO

The investment banking unit of Canadian Imperial Bank of Commerce has won the lead role on what is sure to be one of the marquee transactions of 2013, the initial public offering of a real estate investment trust holding properties from Loblaw Cos.

CIBC has long been a lead bank to Loblaw, acting in lead roles on other financings, and it has one of the street's best regarded retailing stock analysts in Perry Caicco.