Supervalu to sell five retail grocery brands
The transaction's total value is estimated at $3.3 billion
Grocery chain owner Supervalu will sell five of its retail grocery brands—Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores—to AB Acquisition, an affiliate of Cerberus Capital Management. The transaction is valued at around $3.3 billion. Read Supervalu’s news release here.