Kroger and Albertsons Divest Hundreds of Stores to Gain Approval for $24B Merger
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Kroger and Albertsons are selling off 413 stores total to gain approval for their $24.6 billion merger deal.
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The stores are being sold to C&S Wholesale Grocers for around $1.9 billion.
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Kroger and Albertsons are divesting stores and brands to satisfy antitrust concerns about the merger creating a monopoly.
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Albertsons previously sold stores after a Safeway merger but later reacquired many of the same locations.
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Kroger may sell up to 650 more stores if needed to get the FTC's approval for the Albertsons deal.