Closing arrives for sale of 5 SUPERVALU banners

03/20/2013 | Supermarket News (free registration)

Five SUPERVALU banners are being sold today to an investor group led by Albertsons LLC and Cerberus Capital Management, which will also purchase a stake of as much as 30% of SUPERVALU common stock. AB Acquisition will run the banners in two divisions: New Albertsons will supervise ACME Markets, Jewel-Osco, Shaw's and Star Market, and Albertsons LLC will oversee existing locations and take in Albertsons-banner stores.

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