Grocery store chain operator Supervalu Inc. will sell five of its chains to a Cerberus Capital Management-led investor consortium in a deal valued at $3.3 billion, primarily in debt. Also, glass and metal packaging company Ardagh Group has entered into "exclusive negotiations" to buy glass bottles and jars maker Verallia North America, the U.S. arm of France's Compagnie de Saint-Gobain, for $1.7 billion.
January 17, 2013 at 12:00 AM
1 minute read
Grocery store chain operator Supervalu Inc. will sell five of its chains to a Cerberus Capital Management-led investor consortium in a deal valued at $3.3 billion, primarily in debt.
The investor group includes Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners and Schottenstein Real Estate Group. As part of the deal, it will acquire Supervalu’s Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market supermarket chains and their associated in-store pharmacies.
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