Kroger and Albertsons Plan to Sell Hundreds of Stores for $1.9 Billion to Gain Merger Approval

Kroger and Albertsons plan to sell over 400 stores for $1.9 billion to win merger approval from regulators.
The stores would be sold to C&S Wholesale Grocers to reduce monopoly concerns.
Kroger provided a breakdown of how many stores in each state would be divested - most in WA, OR, ID.
C&S would honor union agreements and has experience with store transitions.
Up to 237 more stores could be sold to C&S to further ease antitrust concerns.

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Relevant topic timeline:

9/8/2023

Kroger Sales Drop as Grocery Inflation Slows

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9/8/2023

Kroger and Albertsons Unveil Divestiture Plan with C&S for Proposed Merger Involving 413 Stores and 8 Distribution Centers

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9/11/2023

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