Albertsons and Kroger to Sell 400+ Stores to C&S to Ease Antitrust Concerns Over $24B Merger
-
Albertsons and Kroger plan to sell over 400 stores to wholesaler C&S as part of their merger.
-
The stores to be sold are located across the U.S., including the Pacific Coast, Mountain states, Texas, and Illinois.
-
Albertsons and Kroger announced their $24.6 billion merger pact in October 2022.
-
The sale of stores aims to appease antitrust concerns from the FTC about the merger.
-
Albertsons is Idaho's largest company, with over 5,000 employees in the state.