
IPFS News Link • Business/ Commerce
Kroger, Albertsons sell more than 400 stores for nearly $2 billion. Here's where
• USA TodayThis story has been updated to reflect the announcement of thesale.
Kroger and Albertsons supermarkets will sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion as part of their proposed $25 billion merger, the companies announced on Friday.
The divestiture, which was first reported to be in the works on Tuesday by Bloomberg, is part of a move to mollify antitrust regulators at the Federal Trade Commission.
Kroger and Albertsons agreed to sell stores that are in the Pacific Northwest, the Mountain states and in California, Texas, Illinois, and the East Coast.