Kroger-Albertsons To Unload More Stores In Bid To Gain Merger Approval

Kroger and Albertsons are set to divest more stores as they continue to seek FTC approval for their $25 billion merger. The two companies will now sell 579 stores across 19 states to C&S Wholesale Grocers—owner of Piggly Wiggly and Grand Union—for $2.9 billion, with the deal now including an additional 166 stores.

Kroger and Albertsons say the upgraded divestiture addresses the concerns regulators laid out, expands C&S into new geographies with better capitalization, and ensures no stores will close as a result of the merger. It’s unclear as yet whether the new plans are enough to sway regulators who have been holding up the deal due to competition concerns. —Daniel Marsteller

Tagged : Albertsons, Kroger

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