Kroger, Albertsons to Sell More Stores, Looking to Appease Regulators

Kroger and Albertsons Cos. have agreed to sell over 160 additional stores, a bid to appease competition regulators and close their long-pending merger. The companies said Monday that they would now sell 579 stores in total, under a revised deal with C&S Wholesale Grocers. Kroger also agreed to sell its Washington-based Haggen banner to C&S. Back in September, Albertsons and Kroger said they would sell stores and other assets to C&S as they look to assuage regulatory concerns about their combination, which would be the largest supermarket deal in history.

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Yahoo! Finance: ACI News

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