Kroger, Albertsons to Sell 579 Stores, Including 166 More, for $25B Merger Approval

Apr 22, 2024, 01:55 PM

Kroger and Albertsons have amended their asset sale agreement with C&S Wholesale Grocers, now planning to sell a total of 579 stores in markets where they overlap, including an additional 166 stores, in an effort to gain regulatory approval for their proposed $25 billion merger. This move comes under federal scrutiny as the companies aim to make the merger more appealing to antitrust authorities and address concerns about market competition. The revised divestiture plan includes selling about 20 more Illinois grocery stores than originally planned.