Supervalu Sells Chains to Cerberus-Led Group
US grocer Supervalu Inc. will sell five of its retail grocery chains to group led by Cerberus Capital Management. The company is selling its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market chains and related Osco and Sav-on in-store pharmacies. The transaction will be valued at $3.3 billion. The investor group also includes real estate firms Kimco Realty Corp., Klaff Realty LP, Lubert-Adler Partners and Scottenstein Real Estate Group.
10 January 2013•2 mins read
